Is Hancock Improvement Association Inc Legit?

Quick charity verification for Hancock Improvement Association Inc (EIN: 10885580)

Verdict: Hancock Improvement Association Inc appears trustworthy

70/100Mission Score
$0Revenue
$0Assets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Hancock Improvement Association Inc appears to be a very small, community-focused organization with fluctuating financial activity. In 2020, it reported modest revenue of $3,318 and expenses of $3,835, indicating operations are near break-even. The organization consistently reports $0 in liabilities and $0 in officer compensation across all available filings, which speaks to a lean operational structure and good financial hygiene regarding debt and executive pay. However, the latest filing shows $0 in both revenue and assets, which could indicate a period of dormancy or a reporting anomaly. The organization's assets have varied significantly over the years, peaking at $75,684 in 2017 and then declining to $41,610 in 2020 before the latest $0 report. This volatility, combined with periods of very low revenue and expenses, suggests an organization that may be project-based or highly dependent on specific funding cycles.

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Disclaimer

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

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