Berkshire Fund Inc

Analysis

Berkshire Fund Inc is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in January 1973, 53 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Berkshire Fund Inc reported income of $2.7m and spending of $3.3m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.7m (+168%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 217%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Berkshire Fund Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Habitat for Humanity Merced Stanisl Aus Counties ($2.7m), Gardena Valley Japanese Cultural Institute Housing Project ($2.7m) and First Ward Action Council Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 91% of the total. Other salaries and wages came to $379k. At year end it held assets of $28.9m against liabilities of $15.7m, net assets of $13.3m.