Pittsfield Center Development Corporation

Analysis

Pittsfield Center Development Corporation is a registered charity in United States, based in Pittsfield, NH. It received its IRS tax-exemption ruling in May 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pittsfield Center Development Corporation reported income of $557k and spending of $88k, leaving 84% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $557k (+391%), an average of +391% a year. The sharpest change came in the year to December 2023, when income rose by 391%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pittsfield Center Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within NH. Charities of a similar size with the same main cause include Suffolk Festivals Inc ($556k), Cincinnati Teen Challenge Inc ($557k) and Pioneer Square Apartments ($556k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 2.8% of the total. Other salaries and wages came to $2,905. At year end it held assets of $559k against liabilities of $2,709, net assets of $556k. It reported 1 employees.