Overview

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Est.

1985

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

THE RIDC REGIONAL GROWTH FUND is a nonprofit organization focused on economic development, supporting the RIDC of Southwestern Pennsylvania by providing diversified economic development services to businesses and industries. With an operating budget of $14.6 million and total revenue of $16.1 million for the filing year 2024, it relies significantly on funding from the HILLMAN FAMILY FOUNDATIONS, which contributed $88.8 million. For more information, visit 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
M
McNulty Timothy P
Board Member
H
Hunt William
Board Member
K
Kurta Marian D
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.