Pittsfield Center Development Corporation
Pittsfield Center Development Corporation experiences a significant financial turnaround in 2023, boosting assets and revenue.
EIN: 20368627 · Pittsfield, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $46K |
| Total Expenses | $88K |
| Program Spending | 85% |
| Net Assets | $556K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Pittsfield Center Development Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Pittsfield Center Development Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Pittsfield Center Development Corporation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $557K and expenses of $88K.
Revenue and Expenses
Pittsfield Center Development Corporation reported $557K in revenue and $88K in expenses, a surplus of $469K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Pittsfield Center Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $75K (85%) |
Across stored filings, Pittsfield Center Development Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Hellenic Society Paideia Of New Hampshire | New Hampshire and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Compare with Hellenic Society Paideia Of New Hampshire →All New Hampshire nonprofits
Local and Sector Spokes
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Pittsfield, NH nonprofitsFollow the Money
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Keep the Investigation Moving
Pittsfield Center Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pittsfield Center Development Corporation
Pittsfield Center Development Corporation (EIN: 20368627) is a nonprofit organization based in Pittsfield, NH. The organization reported total revenue of $46K and total assets of $545K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pittsfield Center Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pittsfield Center Development Corporation is a micro nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $557K |
| Total Expenses | $88K |
| Surplus / Deficit | +$469K |
| Total Assets | $559K |
| Total Liabilities | $3K |
| Net Assets | $556K |
| Operating Margin | 84.2% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 76.4 months |
Financial Health Grade: A
In 2023, Pittsfield Center Development Corporation reported a surplus of $469K with revenue exceeding expenses, holds 76.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pittsfield Center Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 16.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +390.8% | -51.5% | +336.6% |
| 2022 | -8.7% | +28.4% | -21.9% |
| 2021 | +20.6% | +4.6% | -10.0% |
| 2020 | -18.1% | +9.5% | -13.9% |
| 2019 | +30.3% | +20.9% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pittsfield Center Development Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Pittsfield Center Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $469K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation, which is a positive sign for resource allocation relative to the organization's size and mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Pittsfield Center Development Corporation's IRS 990 filings:
- Inconsistent revenue and expense patterns prior to 2023, with expenses often exceeding revenue.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting granular efficiency analysis.
Strengths
The following positive indicators were identified for Pittsfield Center Development Corporation:
- Significant financial turnaround and strong surplus in the latest reporting period (202312 revenue of $556,615 vs. expenses of $87,746).
- Consistent reporting of 0% officer compensation across all available filings, indicating efficient use of funds for leadership.
- Healthy asset growth in the most recent period, reaching $558,570.
- Low liabilities relative to assets in the latest period ($2,709 liabilities vs. $558,570 assets).
Frequently Asked Questions about Pittsfield Center Development Corporation
Is Pittsfield Center Development Corporation a legitimate charity?
Pittsfield Center Development Corporation (EIN: 20368627) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $46K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Pittsfield Center Development Corporation spend its money?
Pittsfield Center Development Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Pittsfield Center Development Corporation tax-deductible?
Pittsfield Center Development Corporation is registered as a tax-exempt nonprofit (EIN: 20368627). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pittsfield Center Development Corporation's spending goes to programs?
Pittsfield Center Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Pittsfield Center Development Corporation located?
Pittsfield Center Development Corporation is headquartered in Pittsfield, New Hampshire and files with the IRS under EIN 20368627.
How many years of IRS 990 filings does Pittsfield Center Development Corporation have?
Pittsfield Center Development Corporation has 13 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 $46K in total revenue.
What caused the dramatic increase in revenue and assets in the 202312 period?
The provided data does not specify the source of the $556,615 revenue in 202312, which is significantly higher than previous years' revenues (e.g., $113,416 in 202212). Further investigation into the 990 filing would be needed to identify the specific funding streams or extraordinary events.
What are the specific program activities funded by Pittsfield Center Development Corporation?
The NTEE code is unknown, and the provided financial summary does not detail specific program activities. To understand the impact, one would need to review the organization's mission statement and program service accomplishments section of their 990 forms.
Is the recent financial growth sustainable?
While the 202312 period shows strong financial health with a large surplus, it's a significant outlier compared to previous years. Sustained growth would depend on whether the revenue sources from 202312 are recurring or one-time events. A trend of consistent surpluses would indicate sustainability.
Filing History
IRS 990 filing history for Pittsfield Center Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pittsfield Center Development Corporation's revenue has grown by 512.3%, moving from $91K to $557K. Total assets increased by 74.4% over the same period, from $320K to $559K. Total functional expenses fell by 30.2%, from $126K to $88K. In its most recent filing year (2023), Pittsfield Center Development Corporation reported a surplus of $469K, with revenue exceeding expenses. The organization holds $3K in liabilities against $559K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $556K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $557K | $88K | $559K | $3K | — | — |
| 2022 | $113K | $181K | $128K | $41K | — | View 990 |
| 2021 | $124K | $141K | $164K | $9K | — | View 990 |
| 2020 | $103K | $135K | $182K | $11K | — | View 990 |
| 2019 | $126K | $123K | $211K | $9K | — | View 990 |
| 2018 | $97K | $102K | $209K | $9K | — | View 990 |
| 2017 | $103K | $115K | $213K | $8K | — | View 990 |
| 2016 | $106K | $107K | $225K | $8K | — | View 990 |
| 2015 | $83K | $97K | $234K | $15K | — | View 990 |
| 2014 | $99K | $131K | $258K | $26K | — | View 990 |
| 2013 | $98K | $131K | $280K | $16K | — | View 990 |
| 2012 | $102K | $116K | $308K | $11K | — | View 990 |
| 2011 | $91K | $126K | $320K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $557K, expenses of $88K, and assets of $559K (revenue +390.8% year-over-year).
- 2022: Revenue of $113K, expenses of $181K, and assets of $128K (revenue -8.7% year-over-year).
- 2021: Revenue of $124K, expenses of $141K, and assets of $164K (revenue +20.6% year-over-year).
- 2020: Revenue of $103K, expenses of $135K, and assets of $182K (revenue -18.1% year-over-year).
- 2019: Revenue of $126K, expenses of $123K, and assets of $211K (revenue +30.3% year-over-year).
- 2018: Revenue of $97K, expenses of $102K, and assets of $209K (revenue -6.0% year-over-year).
- 2017: Revenue of $103K, expenses of $115K, and assets of $213K (revenue -3.3% year-over-year).
- 2016: Revenue of $106K, expenses of $107K, and assets of $225K (revenue +27.8% year-over-year).
- 2015: Revenue of $83K, expenses of $97K, and assets of $234K (revenue -16.4% year-over-year).
- 2014: Revenue of $99K, expenses of $131K, and assets of $258K (revenue +1.0% year-over-year).
- 2013: Revenue of $98K, expenses of $131K, and assets of $280K (revenue -3.3% year-over-year).
- 2012: Revenue of $102K, expenses of $116K, and assets of $308K (revenue +11.9% year-over-year).
- 2011: Revenue of $91K, expenses of $126K, and assets of $320K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pittsfield Center Development Corporation:
Data Sources and Methodology
This transparency report for Pittsfield Center Development Corporation 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.