Is Carol & David Hancock Charitable Tr…

Quick charity verification for Carol & David Hancock Charitable Tr (EIN: 16124732)

Strengths

Consistent asset growth, increasing from $572,003 in 2011 to $1,175,718 in 2023.
Zero officer compensation reported across all filings, indicating high efficiency and dedication to mission.
Extremely low liabilities, consistently $0 or $1, demonstrating excellent financial management.
Strong revenue generation in recent years, with $274,847 in 2023.
Low expense ratio relative to revenue, suggesting a significant portion of funds are retained or used for charitable purposes.

Spending Breakdown

How Carol & David Hancock Charitable Tr allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Carol & David Hancock Charitable Tr

Is Carol & David Hancock Charitable Tr a legitimate charity?

Based on AI analysis of IRS 990 filings, Carol & David Hancock Charitable Tr (EIN: 16124732) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Carol & David Hancock Charitable Tr a good charity to donate to?

Carol & David Hancock Charitable Tr has a Mission Score of 95/100. Revenue: $264K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Carol & David Hancock Charitable Tr?

The Employer Identification Number (EIN) for Carol & David Hancock Charitable Tr is 16124732. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Carol & David Hancock Charitable Tr spend its money?

Carol & David Hancock Charitable Tr allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Carol & David Hancock Charitable Tr's tax-exempt status?

You can verify Carol & David Hancock Charitable Tr's tax-exempt status using EIN 16124732 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Carol & David Hancock Charitable Tr demonstrates strong financial health, with assets consistently growing over the past decade, reaching $1,175,718 in 2023 from $572,003 in 2011. The organization maintains a very low liability profile, consistently reporting $0 or $1 in liabilities, indicating excellent fiscal management and minimal debt. Spending efficiency appears robust, particularly in the most recent filing period (2023), where expenses were $61,094 against revenue of $274,847, suggesting a significant portion of revenue is retained or directed towards its charitable purpose, rather than being consumed by operational overhead. The absence of officer compensation further enhances its efficiency and transparency. 

The trust's revenue has shown significant fluctuations but a general upward trend, with a notable increase in 2023. The consistent growth in assets, even during periods of lower revenue, points to sound investment or endowment management. While specific program spending details are not provided in the summary data, the overall low expense ratio relative to revenue, coupled with zero officer compensation, suggests a highly efficient operation focused on its charitable mission. The lack of detailed program expense breakdown in the provided data limits a deeper analysis of specific spending efficiency within programs versus administrative costs, but the overall financial indicators are very positive.

Is Carol & David Hancock Charitable Tr Legit?

Verdict: Carol & David Hancock Charitable Tr appears trustworthy