Community Development of South Berkshire Inc

Analysis

Community Development of South Berkshire Inc is a registered charity in United States, based in GT Barrington, MA. It received its IRS tax-exemption ruling in January 1990, 36 years ago. 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, Community Development of South Berkshire Inc reported income of $1.4m and spending of $674k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $304k to $1.4m (+372%), an average of +47% a year. The sharpest change came in the year to June 2020, when income rose by 974%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Development of South Berkshire Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Chattanooga Theatre Centre Inc ($1.4m), Habitat for Humanity International Inc ($1.4m) and Entrepreneurs Organization ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $107k (16% of expenses). Other salaries and wages came to $129k. At year end it held assets of $8.2m against liabilities of $3.2m, net assets of $5.1m. It reported 5 employees.