The Berkshire Taconic Community Foundation Inc

Analysis

The Berkshire Taconic Community Foundation Inc is a registered charity in United States, based in Sheffield, MA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Berkshire Taconic Community Foundation Inc reported income of $16.6m and spending of $23.6m, spending 142% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $15.9m to $16.6m (+4.6%), an average of +0.9% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Berkshire Taconic Community Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Community Foundation of Northeast Iowa ($16.6m), Community Foundation of Johnson ($16.6m) and American Legion Charities Inc ($16.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $431k (1.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $230.7m against liabilities of $1.4m, net assets of $229.2m. It reported 27 employees.