Berkshire Black Economic Council

Analysis

Berkshire Black Economic Council is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in October 2022, 4 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 December 2023, Berkshire Black Economic Council reported income of $807k and spending of $606k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $480k to $807k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Berkshire Black Economic Council sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Enterprise Development Fund of Erie County Inc ($807k), Great Lakes Community Conservation Corps Incorporated ($808k) and Goodwill Works Foundation Inc ($806k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $125k (21% of expenses). Other salaries and wages came to $117k. At year end it held assets of $608k against liabilities of $63k, net assets of $544k. It reported 8 employees.