Pittsfield Development Corporation

Analysis

Pittsfield Development Corporation is a registered charity in United States, based in Pittsfield, ME. It received its IRS tax-exemption ruling in September 2020, 6 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 December 2023, Pittsfield Development Corporation reported income of $115k and spending of $1,265, leaving 99% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.5m to $115k (-92%), an average of -58% a year. The sharpest change came in the year to December 2023, when income rose by 2121%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pittsfield Development Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 34th percentile within ME. Charities of a similar size with the same main cause include Love in Action Mission Rest Home Inc ($115k), Community Center Trust Lawrence Lodge 902 O S I a 155 Marston St ($115k) and Americans for a Better Tomorrow Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $280k against liabilities of $0, net assets of $280k.