Is Hancock Field Development Corporation Legit?

Quick charity verification for Hancock Field Development Corporation (EIN: 161318645)

Verdict: Hancock Field Development Corporation has notable concerns

20/100Mission Score

$0Revenue

$0Assets

5Red Flags

1Strengths

Red Flags

Latest reported revenue and assets are $0, indicating potential inactivity or severe financial distress.
Extreme volatility in revenue, including a negative revenue figure of $-615,121 in 2013.
Unknown NTEE code, hindering understanding of the organization's mission and comparative analysis.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data.
Liabilities ($486,441) were nearly equal to assets ($487,402) in 2014, indicating a very thin financial margin.

Strengths

Consistent reporting of 0% officer compensation, suggesting a potentially volunteer-led structure or efficient use of funds for leadership.

Spending Breakdown

How Hancock Field Development Corporation allocates its funds across programs, administration, and fundraising.

Program Spending

Concerning — less than half to programs

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 Hancock Field Development Corporation

Is Hancock Field Development Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Hancock Field Development Corporation (EIN: 161318645) has notable concerns. Mission Score: 20/100. 5 red flags identified, 1 strength noted.

Is Hancock Field Development Corporation a good charity to donate to?

Hancock Field Development Corporation has a Mission Score of 20/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hancock Field Development Corporation?

The Employer Identification Number (EIN) for Hancock Field Development Corporation is 161318645. 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 Field Development Corporation spend its money?

Hancock Field Development Corporation allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hancock Field Development Corporation's tax-exempt status?

You can verify Hancock Field Development Corporation's tax-exempt status using EIN 161318645 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 Field Development Corporation's financial health appears highly volatile and concerning based on the provided IRS 990 data. The organization reported $0 in latest revenue and assets, which is a significant red flag, especially considering past periods with millions in revenue and assets. For example, in 2014, they reported over $3.2 million in revenue and $487,402 in assets, while in 2013, they had negative revenue of over $615,000. This extreme fluctuation, culminating in a current state of zero reported financial activity, suggests either a cessation of operations, a significant change in reporting, or severe financial distress. Without more recent data or context, it's difficult to assess current financial health, but the trend is alarming.

Spending efficiency is difficult to assess accurately given the $0 current financial figures. In periods where they had activity, such as 2014, expenses were $3,005,635 against revenues of $3,209,342, indicating that most revenue was spent. However, without a breakdown of program, administrative, and fundraising expenses, a detailed efficiency analysis is impossible. The consistent reporting of 0% officer compensation across all available periods suggests either a volunteer-led organization or that compensation is not reported under 'officer compensation' on the 990, which could impact transparency.

Transparency is moderately concerning due to the lack of detailed expense breakdowns and the current $0 financial status without further explanation. While the organization has filed 990s, the NTEE code is unknown, which hinders understanding its specific mission and comparing it to peers. The absence of officer compensation is noted, but the overall picture is one of significant financial instability and a lack of granular data to fully evaluate operational efficiency and financial management.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.