Pittsfield Economic Revitalization

Analysis

Pittsfield Economic Revitalization is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Pittsfield Economic Revitalization reported income of $368k and spending of $322k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $98k to $368k (+275%), an average of +39% a year. The sharpest change came in the year to June 2021, when income rose by 112%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pittsfield Economic Revitalization sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Keystone Community Corporation ($368k), One Omaha ($368k) and Havre de Grace Arts Collective Inc ($368k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 8.9% of the total. At year end it held assets of $588k against liabilities of $126k, net assets of $463k.