Is Hancock Housing Foundation Legit?

Quick charity verification for Hancock Housing Foundation (EIN: 202476340)

Verdict: Hancock Housing Foundation appears trustworthy

90/100Mission Score

$302KRevenue

$3.0MAssets

1Red Flags

5Strengths

Red Flags

Multiple years of negative reported revenue without clear explanation in summary data.

Strengths

Consistently low expenses relative to assets and mission scope.
Zero reported officer compensation across all filings, indicating high efficiency.
Significant and consistent growth in assets over the past decade.
Very low liabilities compared to assets, indicating strong financial stability.
Clear alignment between organization name, NTEE code, and implied mission.

Spending Breakdown

How Hancock Housing Foundation allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

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 Housing Foundation

Is Hancock Housing Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Hancock Housing Foundation (EIN: 202476340) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Hancock Housing Foundation a good charity to donate to?

Hancock Housing Foundation has a Mission Score of 90/100. Revenue: $302K. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hancock Housing Foundation?

The Employer Identification Number (EIN) for Hancock Housing Foundation is 202476340. 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 Housing Foundation spend its money?

Hancock Housing Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hancock Housing Foundation's tax-exempt status?

You can verify Hancock Housing Foundation's tax-exempt status using EIN 202476340 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 Housing Foundation demonstrates a highly efficient spending model, with program expenses consistently forming the vast majority of its total expenditures. For instance, in 2023, with total expenses of $45,543, the organization reported no officer compensation, suggesting a lean operational structure. However, the organization's revenue history shows significant volatility, with several years reporting negative revenue, which could indicate reliance on non-cash contributions or asset sales, or significant investment losses. Despite this, its asset base has grown substantially, from $101,505 in 2014 to $2,988,947 currently, indicating effective asset management or significant capital injections. The consistent reporting of 0% officer compensation across all available filings points to strong transparency regarding executive pay and a commitment to minimizing administrative overhead.

The foundation's financial health appears robust in terms of asset growth and low liabilities, with liabilities at $318,665 against assets of $2,752,099 in 2023. The negative revenue figures in multiple years, particularly from 2019-2022, warrant closer examination to understand their source, as sustained negative revenue could signal financial instability if not offset by other gains or contributions. Nevertheless, the recent positive revenue of $280,238 in 2023 and $301,858 currently, coupled with very low expenses relative to assets, suggests a strong capacity to deliver on its mission without excessive overhead. The organization's NTEE code W112 (Housing Development, Construction & Management) aligns with its name, indicating a clear programmatic focus.

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Disclaimer

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