Quick charity verification for Hancock County Auditorium Associates (EIN: 10332058)
Verdict: Hancock County Auditorium Associates appears trustworthy
75/100Mission Score
$539KRevenue
$632KAssets
2Red Flags
3Strengths
Red Flags
Deficit in the most recent fiscal year (202306), with expenses exceeding revenue by $97,256.
Fluctuating annual net income, indicating potential unpredictability in financial performance.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
Long history of IRS 990 filings (13 filings), suggesting good compliance and transparency.
Maintained a relatively stable asset base over many years, demonstrating some financial resilience.
Spending Breakdown
How Hancock County Auditorium Associates allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Hancock County Auditorium Associates
Is Hancock County Auditorium Associates a legitimate charity?
Based on AI analysis of IRS 990 filings, Hancock County Auditorium Associates (EIN: 10332058) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Hancock County Auditorium Associates a good charity to donate to?
Hancock County Auditorium Associates has a Mission Score of 75/100. Revenue: $539K. Assets: $632K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hancock County Auditorium Associates?
The Employer Identification Number (EIN) for Hancock County Auditorium Associates is 10332058. 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 Hancock County Auditorium Associates spend its money?
Hancock County Auditorium Associates allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hancock County Auditorium Associates's tax-exempt status?
You can verify Hancock County Auditorium Associates's tax-exempt status using EIN 10332058 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
Hancock County Auditorium Associates demonstrates a generally stable financial position, though recent years show some fluctuations in revenue and expenses. In the 202306 period, the organization reported revenue of $443,154 against expenses of $540,410, indicating a deficit for that year. This follows a surplus in 202206 where revenue was $556,809 and expenses were $481,753. The organization's assets have remained relatively consistent, hovering around the $600,000-$700,000 range in recent filings, with $659,004 reported in 202306. Liabilities have also shown some variability, reaching $401,709 in 202306.
The organization appears to maintain good transparency regarding executive compensation, consistently reporting 0% officer compensation across all available filings, suggesting a volunteer-led or very low-paid leadership structure. While specific program spending details are not provided in the summary data, the consistent reporting of financial figures over many years indicates a commitment to regulatory compliance. The fluctuations in annual net income suggest a need for careful financial management to ensure long-term sustainability, especially given the deficit in the most recent filing.