Trustees of the Berkshire Museum

Analysis

Trustees of the Berkshire Museum is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in May 1940, 86 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trustees of the Berkshire Museum reported income of $3.6m and spending of $3.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $3.6m (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2021, when income rose by 386%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Trustees of the Berkshire Museum sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Utah Festival Opera Company ($3.6m), Cleveland Center for Arts and Technology ($3.6m) and Modernism Week ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $170k (4.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $74.7m against liabilities of $144k, net assets of $74.6m. It reported 47 employees.