Block Island Economic Development Foundation Inc is a nonprofit organization categorized as Public Charity based in Block Island, RI. Its most recent IRS filing (2024) reports revenue of $76K, expenses of $89K, total assets of $373K.
The Foundation's mission is to improve economic and social conditions for residents of Block Island. BIED has built and manages a community center that provides childcare and senior activities, operates an art gallery for local residents and rents residential units to residents.
How Block Island Economic Development Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $76K | $89K | $373K |
| 2023 | $59K | $69K | $397K |
| 2022 | $51K | $66K | $415K |
| 2020 | $45K | $48K | $464K |
| 2019 | $43K | $59K | $472K |
Between 2019 and 2024, reported annual revenue grew from $43K to $76K (+77%), with total assets most recently reported at $373K.
Interactive year-over-year charts and full filing details available with membership.
