Steel Yard posts $270.1K loss in 2019 amid completion of facility renovation

THE STEEL YARD reported a net loss of $270,131 in 2019, as the nonprofit completed renovations of its facility in Providence. / COURTESY THE STEEL YARD
THE STEEL YARD reported a net loss of $270,131 in 2019, as the nonprofit completed renovations of its facility in Providence. / COURTESY THE STEEL YARD
PROVIDENCE – The Steel Yard’s expenses outstripped income by $270,131 in 2019, the nonprofit said Tuesday in its annual report. The Steel Yard also reported spending $2.1 million in its 2019 capital campaign, which received $1.2 million in gifts. “2019 was defined by the transformative effects and unprecedented scale of donor support for our work.…

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