Public Charity

GRANITE STATE ECONOMIC DEVELOPMENT CORP

GRANITE STATE ECONOMIC DEVELOPMENT CORP, of PORTSMOUTH, NH, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $11.2M in revenue, $9.2M in expenses, $27.8M in total assets. IRS filings disclose 74 grants awarded by this foundation, totaling roughly $1.3M.

EIN: 020385121 PORTSMOUTH, NH Latest filing: 2025
Total Revenue$11.2M
Total Expenses$9.2M
Total Assets$27.8M
Grants Given74
Grant Total$1.3M
Filing Years2021–2025

Mission

TO CREATE ECONOMIC DEVELOPMENT BY ASSISTING BUSINESSES TO ACQUIRE SBA 504 FINANCING TO EXPAND THEIR BUSINESSES BY ACQUIRING, RENOVATING OR CONSTRUCTING REAL ESTATE AND/OR ACQUIRING MACHINERY & EQUIPMENT. THE EXPANDED BUSINESSES LEAD TO THE CREATION AND/OR RETENTION OF JOBS.

Where $100 goes at Granite State Economic Development Corp

How Granite State Economic Development Corp divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$88 Programs the work itself
$12 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $88 for programs

$88
To create economic development by assisting businesses to acquire sba 504 financing to expand their businesses by acquiring, renovating or constructing real estate and/or acquiring machinery & equipment
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Before you apply to Granite State Economic Development Corp

Often funds new orgs 41% of recent recipients were first-time grantees (2022–2024).

Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.

Officers & Directors

FORMER EMPLOYEE Alan Abraham
EMPLOYEE Ashley Mccarthy
VICE PRESIDENT Barbara Arena
DIRECTOR Birgit Christiansen
EMPLOYEE Brandt Abraham
VICE PRESIDENT Carissa Murray

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$330,100 16 grants
Research & Policy
$210,000 3 grants
General Support
$65,000 6 grants
Arts & Culture
$64,000 5 grants
Economic Development
$60,000 8 grants

Financial Trends

Year Revenue Expenses Assets
2025 $11.2M $9.2M $27.8M
2024 $10.3M $8.0M $25.3M
2023 $9.8M $8.0M $22.4M
2022 $9.3M $8.3M $20.8M
2021 $8.5M $8.1M $20.9M

Between 2021 and 2025, reported annual revenue grew from $8.5M to $11.2M (+32%), with total assets most recently reported at $27.8M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in MA, ME, NH, VT.

MAMENHVT

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for GRANITE STATE ECONOMIC DEVELOPMENT CORP

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