Quick charity verification for Hancock Family Foundation (EIN: 203492421)
Verdict: Hancock Family Foundation shows mixed signals
65/100Mission Score
$778KRevenue
$11KAssets
3Red Flags
2Strengths
Red Flags
Dramatic decrease in assets from over $2 million to $10,619 without clear explanation.
Consistent pattern of expenses exceeding revenue in most reported periods.
Latest reported revenue ($777,620) is significantly higher than historical revenues, but assets are very low, suggesting a potential one-time event or a reporting anomaly.
Strengths
Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
Long history of IRS 990 filings, demonstrating transparency in reporting.
Spending Breakdown
How Hancock Family 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 Family Foundation
Is Hancock Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hancock Family Foundation (EIN: 203492421) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Hancock Family Foundation a good charity to donate to?
Hancock Family Foundation has a Mission Score of 65/100. Revenue: $778K. Assets: $11K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hancock Family Foundation?
The Employer Identification Number (EIN) for Hancock Family Foundation is 203492421. 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 Family Foundation spend its money?
Hancock Family Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hancock Family Foundation's tax-exempt status?
You can verify Hancock Family Foundation's tax-exempt status using EIN 203492421 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 Family Foundation appears to be a grant-making organization, as indicated by its NTEE code T20 and consistent asset base. Its financial health shows a pattern of expenses exceeding revenue in most reported periods, such as in 2020 where expenses were $137,745 against revenues of $101,679, and in 2019 with expenses of $146,503 against revenues of $122,805. This suggests it is drawing down on its substantial assets, which have consistently been over $2 million in past filings, though the latest reported assets are significantly lower at $10,619. This discrepancy between historical assets and the latest reported assets warrants further investigation to understand the current financial standing.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent pattern of expenses exceeding revenue, while potentially sustainable for a foundation with a large endowment, could also indicate a lack of operational efficiency if not managed strategically. The foundation reports 0% officer compensation across all available filings, which is a positive indicator for minimizing overhead related to executive pay.
Transparency appears to be good in terms of public filings, with seven years of IRS 990 data available. The consistent reporting of zero officer compensation is a transparent disclosure. However, the significant drop in reported assets from over $2 million in 2020 to $10,619 in the latest report is a critical financial event that requires more detailed explanation to fully understand the foundation's current capacity and financial health.