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Rhode Island · Nonprofit

Pawtucket Business Development Corp

Pawtucket Business Development Corp (Rhode Island) receives grants from 1 organization whose IRS filings report $94,500 to it, the largest being BRISTOL COUNTY SAVINGS CHARITABLE FOUNDATION INC ($94,500). 1 of them have funded it in more than one year.

Revenue FY2025
$17k
Funders on record
1
Grants received
$95k
Net assets
$604k
1/1 repeat funderspeak grant-dependency 21%
01What it does

What Pawtucket Business Development Corp does

Mission

The Corporation fosters economic growth in Pawtucket through gap loan financing to promote employment creation and retention.

As stated on its FY2025 Form 990.

Programs

  1. As of June 30, 2025 the Corporation managed 21 commercial "gap financing" loans which enabled the borrows to create low to moderate jobs.

    $53,440 spent$16,893 earned by the program
    73% of program spending
  2. The Corporation issued grants to small businesses located in Pawtucket for the purpose of improving or replacing HVAC systems.

    $20,167 spent
    27% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $73,607.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended.

100 = 20202020 Revenue 100 ($236k) Expenses 100 ($57k) Net assets 100 ($664k)2021 Revenue 35 ($83k) Expenses 38 ($21k) Net assets 104 ($692k)2022 Revenue 9 ($21k) Expenses 88 ($50k) Net assets 95 ($630k)2023 Revenue 77 ($180k) Expenses 455 ($258k) Net assets 83 ($553k)2024 Revenue 144 ($340k) Expenses 409 ($231k) Net assets 100 ($661k)2025 Revenue 7 ($17k) Expenses 132 ($75k) Net assets 91 ($604k)
202020212022202320242025
Revenue (7)Expenses (132)Net assets (91)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $587k to $697k (+19%).

$664k
$692k
$640k
$587k
$697k
$610k
202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2023 94% · 2024 96%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 6 reported years ran a deficit.

$179k
’20
$62k
’21
−$29k
’22
−$77k
’23
$108k
’24
−$57k
’25
13
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

202020212022202320242025
Listed221618111110
Joined·+7+3+0+6+1
No longer listed·131762
03Who funds it

Who funds it, year by year

2017 → 2020: the base held at 1 funder, grant income rose $5k → $50k.

Funder
'17
'18
'19
'20
'25*
total
funders
1
1
1
1
1

From the IRS filings of Pawtucket Business Development Corp’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

Pawtucket Business Development Corp draws 100% of its grant income from funders outside Rhode Island, across 1 state in all.

MA

In-state vs out-of-state, by year

’17
’18
’19
’20
Rhode Island out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like Pawtucket Business Development Corp

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Rhode Island

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

99% of spending goes to programs.

Program 99%Management 1%Fundraising 0%

Governance

10
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for Pawtucket Business Development Corp: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Pawtucket Business Development Corp?
Pawtucket Business Development Corp (Rhode Island) receives grants from 1 organization whose IRS filings report $94,500 to it, the largest being BRISTOL COUNTY SAVINGS CHARITABLE FOUNDATION INC ($94,500). 1 of them have funded it in more than one year.
How many funders does Pawtucket Business Development Corp have?
IRS filings report 1 organization giving $94,500 in grants to Pawtucket Business Development Corp, 1 of which have funded it in more than one year.
Who is the largest funder of Pawtucket Business Development Corp?
BRISTOL COUNTY SAVINGS CHARITABLE FOUNDATION INC is the largest funder on record, with $94,500 in grants. The full list of funders is on this page.
How can an organization like Pawtucket Business Development Corp find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Rhode Island. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Pawtucket Business Development →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing