Carol & David Hancock Charitable Tr
Carol & David Hancock Charitable Tr shows consistent asset growth and zero officer compensation, indicating strong financial health and efficiency.
EIN: 16124732 · Casco, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $264K |
| Total Expenses | $61K |
| Program Spending | 90% |
| Net Assets | $1.2M |
| Transparency Score | 95/100 |
Is Carol & David Hancock Charitable Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carol & David Hancock Charitable Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carol & David Hancock Charitable Tr
Carol & David Hancock Charitable Tr (EIN: 16124732) is a nonprofit organization based in Casco, ME. The organization reported total revenue of $264K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carol & David Hancock Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carol & David Hancock Charitable Tr is a small nonprofit that has been operating for 32 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $275K |
| Total Expenses | $61K |
| Surplus / Deficit | +$214K |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | 77.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 230.9 months |
Financial Health Grade: A
In 2023, Carol & David Hancock Charitable Tr reported a surplus of $214K with revenue exceeding expenses, holds 230.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Carol & David Hancock Charitable Tr's revenue has grown at a compound annual growth rate (CAGR) of 25.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +93.5% | +61.2% | +22.2% |
| 2022 | +93.4% | -47.1% | +12.1% |
| 2021 | -29.1% | +7.9% | +0.2% |
| 2020 | -9.7% | +0.1% | +4.5% |
| 2019 | +140.0% | +55.8% | +45.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carol & David Hancock Charitable Tr with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Carol & David Hancock Charitable Tr allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $214K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to executives, which is highly commendable for efficiency and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Carol & David Hancock Charitable Tr:
- Consistent asset growth, increasing from $572,003 in 2011 to $1,175,718 in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency and dedication to mission.
- Extremely low liabilities, consistently $0 or $1, demonstrating excellent financial management.
- Strong revenue generation in recent years, with $274,847 in 2023.
- Low expense ratio relative to revenue, suggesting a significant portion of funds are retained or used for charitable purposes.
Frequently Asked Questions about Carol & David Hancock Charitable Tr
Is Carol & David Hancock Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Carol & David Hancock Charitable Tr (EIN: 16124732) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Carol & David Hancock Charitable Tr spend its money?
Carol & David Hancock Charitable Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carol & David Hancock Charitable Tr tax-deductible?
Carol & David Hancock Charitable Tr is registered as a tax-exempt nonprofit (EIN: 16124732). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carol & David Hancock Charitable Tr located?
Carol & David Hancock Charitable Tr is headquartered in Casco, Maine and files with the IRS under EIN 16124732.
How many years of IRS 990 filings does Carol & David Hancock Charitable Tr have?
Carol & David Hancock Charitable Tr has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $264K in total revenue.
Is Carol & David Hancock Charitable Tr a good charity?
Based on the provided financial data, the Carol & David Hancock Charitable Tr appears to be a very good charity. It demonstrates strong financial health with growing assets, minimal liabilities, and zero officer compensation, indicating high efficiency and a strong commitment to its charitable purpose.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with assets more than doubling from $572,003 in 2011 to $1,175,718 in 2023. Revenue has also shown a general upward trend, reaching $274,847 in 2023, indicating sustained growth and stability.
What is the organization's approach to executive compensation?
The Carol & David Hancock Charitable Tr has a highly efficient approach to executive compensation, reporting 0% officer compensation in all available filings. This means no salaries are paid to officers, maximizing resources for charitable activities.
Filing History
IRS 990 filing history for Carol & David Hancock Charitable Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Carol & David Hancock Charitable Tr's revenue has grown by 1354.7%, moving from $19K to $275K. Total assets increased by 105.5% over the same period, from $572K to $1.2M. Total functional expenses rose by 44.7%, from $42K to $61K. In its most recent filing year (2023), Carol & David Hancock Charitable Tr reported a surplus of $214K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $275K | $61K | $1.2M | $1 | — | — |
| 2022 | $142K | $38K | $962K | $1 | — | View 990 |
| 2021 | $73K | $72K | $858K | $1 | — | — |
| 2020 | $104K | $66K | $856K | $1 | — | — |
| 2019 | $115K | $66K | $819K | $0 | — | View 990 |
| 2015 | $48K | $43K | $562K | $0 | — | View 990 |
| 2014 | $35K | $42K | $556K | $0 | — | View 990 |
| 2013 | $30K | $41K | $563K | $0 | — | View 990 |
| 2012 | $42K | $39K | $574K | $1 | — | View 990 |
| 2011 | $19K | $42K | $572K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $275K, expenses of $61K, and assets of $1.2M (revenue +93.5% year-over-year).
- 2022: Revenue of $142K, expenses of $38K, and assets of $962K (revenue +93.4% year-over-year).
- 2021: Revenue of $73K, expenses of $72K, and assets of $858K (revenue -29.1% year-over-year).
- 2020: Revenue of $104K, expenses of $66K, and assets of $856K (revenue -9.7% year-over-year).
- 2019: Revenue of $115K, expenses of $66K, and assets of $819K (revenue +140.0% year-over-year).
- 2015: Revenue of $48K, expenses of $43K, and assets of $562K (revenue +35.0% year-over-year).
- 2014: Revenue of $35K, expenses of $42K, and assets of $556K (revenue +18.5% year-over-year).
- 2013: Revenue of $30K, expenses of $41K, and assets of $563K (revenue -28.1% year-over-year).
- 2012: Revenue of $42K, expenses of $39K, and assets of $574K (revenue +119.9% year-over-year).
- 2011: Revenue of $19K, expenses of $42K, and assets of $572K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carol & David Hancock Charitable Tr:
Data Sources and Methodology
This transparency report for Carol & David Hancock Charitable Tr is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.