Is Hancock County Communitydevelopment Foundation Legit?
Quick charity verification for Hancock County Communitydevelopment Foundation (EIN: 204809220)
Verdict: Hancock County Communitydevelopment Foundation appears trustworthy
75/100Mission Score
$197KRevenue
$332KAssets
2Red Flags
3Strengths
Red Flags
Frequent periods where expenses exceed revenue, such as in 2023 ($537,368 expenses vs. $443,014 revenue) and 2020 ($339,081 expenses vs. $224,953 revenue).
Significant decline in total assets from $2,613,428 in 2014 to $570,263 in 2023, indicating a shrinking financial base.
Strengths
Consistent reporting of 0% officer compensation across all filings, demonstrating a strong commitment to mission-focused spending.
Periods of strong financial performance where revenue significantly exceeded expenses, such as in 2019 ($404,822 revenue vs. $197,471 expenses).
Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Spending Breakdown
How Hancock County Communitydevelopment Foundation 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 Communitydevelopment Foundation
Is Hancock County Communitydevelopment Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hancock County Communitydevelopment Foundation (EIN: 204809220) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Hancock County Communitydevelopment Foundation a good charity to donate to?
Hancock County Communitydevelopment Foundation has a Mission Score of 75/100. Revenue: $197K. Assets: $332K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hancock County Communitydevelopment Foundation?
The Employer Identification Number (EIN) for Hancock County Communitydevelopment Foundation is 204809220. 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 Communitydevelopment Foundation spend its money?
Hancock County Communitydevelopment Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hancock County Communitydevelopment Foundation's tax-exempt status?
You can verify Hancock County Communitydevelopment Foundation's tax-exempt status using EIN 204809220 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 Hancock County Community Development Foundation demonstrates a fluctuating financial performance over the past decade. While the organization has experienced periods of revenue exceeding expenses, such as in 2022 ($322,577 revenue vs. $275,263 expenses) and 2019 ($404,822 revenue vs. $197,471 expenses), it has also frequently operated with expenses exceeding revenue, notably in 2023 ($443,014 revenue vs. $537,368 expenses) and 2020 ($224,953 revenue vs. $339,081 expenses). This pattern suggests an inconsistent financial strategy or reliance on variable funding sources. The organization's assets have generally declined from a peak of $2,613,428 in 2014 to $570,263 in 2023, while liabilities have also decreased but remain significant relative to assets, indicating a reduction in overall financial scale and potentially a need for more robust asset building or liability management. The consistent reporting of 0% officer compensation across all filings is a strong indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries.