GRANITE STATE ECONOMIC DEVELOPMENT CORP
Pub 78

GRANITE STATE ECONOMIC DEVELOPMENT CORP
Pub 78

Portsmouth, NH, US
501(c)
EIN
02-0385121

GRANITE STATE ECONOMIC DEVELOPMENT CORP
Pub 78

Portsmouth, NH, US
501(c)
EIN
02-0385121

Income Statement

Fiscal Year Start:
Oct 1
Revenues in 2025

$11,225,736

Program Services
85%
Investments
15%
Other
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025

$9,191,842

Salaries & Benefits
76%
Other
11%
Fees to Service Providers
5%
Offices, Occupancy & IT
3%
Grants
3%
Advertising & Promotion
2%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$8,541,027
$9,534,275
+12%
Membership Dues
$0
$0
-
Investments
$1,784,866
$1,636,720
-8%
Other
$14,871
$54,741
+268%
Total Revenues
$10,340,764
$11,225,736
+9%
Expenses
2024
2025
Change
Grants
$396,061
$300,500
-24%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,161,535
$6,956,038
+13%
Fees to Service Providers
$397,777
$445,047
+12%
Advertising & Promotion
$157,621
$167,560
+6%
Offices, Occupancy & IT
$301,374
$302,692
+0%
Interest
$0
$0
-
Depreciation
$16,760
$20,772
+24%
Other
$617,664
$999,233
+62%
Total Expenses
$8,048,792
$9,191,842
+14%
Net income
2024
2025
Change
Net income
+$2,291,972
+$2,033,894
-11%
Functional Expenses
Summary
2024
2025
Change
Program
$7,082,937
$8,125,052
+15%
Admin
$965,855
$1,066,790
+10%
Fundraising
$0
$0
-
Total Expenses
$8,048,792
$9,191,842
+14%
Income Statement
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