Credit Union Of The Berkshires
EIN: 42264442 · Pittsfield, MA
| Metric | Value |
|---|---|
| Total Revenue | $568K |
| Total Expenses | $667K |
| Net Assets | $2.6M |
Is Credit Union Of The Berkshires Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Credit Union Of The Berkshires
Credit Union Of The Berkshires (EIN: 42264442) is a nonprofit organization based in Pittsfield, MA. The organization reported total revenue of $568K and total assets of $22.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Credit Union Of The Berkshires's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Credit Union Of The Berkshires is a small nonprofit that has been operating for 81 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $624K |
| Total Expenses | $667K |
| Surplus / Deficit | $-42,556 |
| Total Assets | $20.7M |
| Total Liabilities | $18.0M |
| Net Assets | $2.6M |
| Operating Margin | -6.8% |
| Debt-to-Asset Ratio | 87.3% |
| Months of Reserves | 372.2 months |
Financial Health Grade: C
In 2019, Credit Union Of The Berkshires reported a deficit of $43K with expenses exceeding revenue, holds 372.2 months of operating reserves (strong position), has a debt-to-asset ratio of 87.3% (high leverage).
Financial Trends
Over 9 years of filings (2011–2019), Credit Union Of The Berkshires's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +7.1% | +5.2% | +8.7% |
| 2018 | +8.3% | -4.1% | -4.8% |
| 2017 | +1.4% | +10.7% | -3.2% |
| 2016 | -5.2% | +6.6% | -1.7% |
| 2015 | -8.1% | -5.8% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1945 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Credit Union Of The Berkshires has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Credit Union Of The Berkshires with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 87.3%.
Frequently Asked Questions about Credit Union Of The Berkshires
Is Credit Union Of The Berkshires a legitimate charity?
Credit Union Of The Berkshires (EIN: 42264442) is a registered tax-exempt nonprofit based in Massachusetts. It has 9 years of IRS 990 filings on record. Total revenue: $568K. No red flags identified. Financial health grade: C.
How does Credit Union Of The Berkshires spend its money?
Credit Union Of The Berkshires reported $568K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Credit Union Of The Berkshires tax-deductible?
Credit Union Of The Berkshires is registered as a tax-exempt nonprofit (EIN: 42264442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Credit Union Of The Berkshires located?
Credit Union Of The Berkshires is headquartered in Pittsfield, Massachusetts and files with the IRS under EIN 42264442.
How many years of IRS 990 filings does Credit Union Of The Berkshires have?
Credit Union Of The Berkshires has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $568K in total revenue.
Filing History
IRS 990 filing history for Credit Union Of The Berkshires showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Credit Union Of The Berkshires's revenue has declined by 23.7%, moving from $818K to $624K. Total assets decreased by 10.4% over the same period, from $23.1M to $20.7M. Total functional expenses fell by 16%, from $794K to $667K. In its most recent filing year (2019), Credit Union Of The Berkshires reported a deficit of $43K, with expenses exceeding revenue. The organization holds $18.0M in liabilities against $20.7M in assets (debt-to-asset ratio: 87.3%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $624K | $667K | $20.7M | $18.0M | — | View 990 |
| 2018 | $583K | $634K | $19.0M | $16.4M | — | View 990 |
| 2017 | $538K | $661K | $20.0M | $17.3M | — | View 990 |
| 2016 | $531K | $597K | $20.6M | $17.8M | — | View 990 |
| 2015 | $560K | $560K | $21.0M | $18.1M | — | View 990 |
| 2014 | $610K | $595K | $21.9M | $19.0M | — | View 990 |
| 2013 | $679K | $664K | $22.8M | $19.9M | — | View 990 |
| 2012 | $772K | $736K | $23.4M | $20.5M | — | View 990 |
| 2011 | $818K | $794K | $23.1M | $20.2M | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $624K, expenses of $667K, and assets of $20.7M (revenue +7.1% year-over-year).
- 2018: Revenue of $583K, expenses of $634K, and assets of $19.0M (revenue +8.3% year-over-year).
- 2017: Revenue of $538K, expenses of $661K, and assets of $20.0M (revenue +1.4% year-over-year).
- 2016: Revenue of $531K, expenses of $597K, and assets of $20.6M (revenue -5.2% year-over-year).
- 2015: Revenue of $560K, expenses of $560K, and assets of $21.0M (revenue -8.1% year-over-year).
- 2014: Revenue of $610K, expenses of $595K, and assets of $21.9M (revenue -10.2% year-over-year).
- 2013: Revenue of $679K, expenses of $664K, and assets of $22.8M (revenue -12.0% year-over-year).
- 2012: Revenue of $772K, expenses of $736K, and assets of $23.4M (revenue -5.7% year-over-year).
- 2011: Revenue of $818K, expenses of $794K, and assets of $23.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Credit Union Of The Berkshires:
Data Sources and Methodology
This transparency report for Credit Union Of The Berkshires is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.