THE RIDC REGIONAL GROWTH FUND

THE RIDC REGIONAL GROWTH FUND

Pittsburgh, PA, US
501(c)3
EIN
25-1495484

THE RIDC REGIONAL GROWTH FUND

Pittsburgh, PA, US
501(c)3
EIN
25-1495484

Overview

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Est.

1985

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The RIDC Regional Growth Fund, identified by EIN 25-1495484, is a nonprofit organization dedicated to economic development in Southwestern Pennsylvania. With an operating budget of $14.6 million and total revenue of $16.1 million for the 2024 filing year, the organization serves as a support entity for the RIDC, offering diversified economic development services to businesses and industries in the region. Notably, it appears to rely on a significant unknown funding source, which constitutes a substantial portion of its revenue. More information can be found on their website at www.ridc.org.

Mission Statement

SUPPORT ORGANIZATION FOR RIDC OF SOUTHWESTERN PENNSYLVANIA, PROVIDING DIVERSIFIED ECONOMIC DEVELOPMENT SERVICES TO BUSINESS AND INDUSTRY.
Revenues

$16.1M

Expenses

$14.6M

Net Income:
+$1.5M
Assets

$39.3M

Liabilities

$29.9M

Net Assets:
+$9.4M
Operating Budget

$14.6M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

1

Median grant size
$2M
Largest grant received
$2M
H
Hunt William
Board Member
M
McNulty Timothy P
Board Member
R
Russo Audrey
Board Member

Frequently Asked Questions

What is THE RIDC REGIONAL GROWTH FUND’s budget?
In 2024, THE RIDC REGIONAL GROWTH FUND reported an annual operating budget of around $14.6 million. More detailed financial information is available to registered users.
What causes does THE RIDC REGIONAL GROWTH FUND support?
THE RIDC REGIONAL GROWTH FUND supports work in Economic development.
Where does THE RIDC REGIONAL GROWTH FUND operate?
THE RIDC REGIONAL GROWTH FUND is headquartered in Pittsburgh, PA.
Who funded THE RIDC REGIONAL GROWTH FUND recently?
In 2024, THE RIDC REGIONAL GROWTH FUND received grants from HILLMAN FAMILY FOUNDATIONS. More information on this organization’s funders is available to registered users.
What is the largest grant THE RIDC REGIONAL GROWTH FUND received in 2024?
The largest grant to THE RIDC REGIONAL GROWTH FUND in 2024 exceeds $2 million.
What is THE RIDC REGIONAL GROWTH FUND’s reliance on government grants?
THE RIDC REGIONAL GROWTH FUND relied on government grants for more than 5% of their total revenue in 2024.
Overview
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