Hancock Associate Assistance Foundation
Hancock Associate Assistance Foundation reports zero revenue and assets in its latest filing after years of over $1 million in assets.
EIN: 203533538 · Gulfport, MS · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $57K |
| Program Spending | 90% |
| Net Assets | $1.4M |
| Transparency Score | 40/100 |
Is Hancock Associate Assistance Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hancock Associate Assistance Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hancock Associate Assistance Foundation
Hancock Associate Assistance Foundation (EIN: 203533538) is a nonprofit organization based in Gulfport, MS. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hancock Associate Assistance Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hancock Associate Assistance Foundation is a small nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $122K |
| Total Expenses | $57K |
| Surplus / Deficit | +$65K |
| Total Assets | $1.4M |
| Net Assets | $1.4M |
| Operating Margin | 53.3% |
| Months of Reserves | 293.8 months |
Financial Health Grade: A
In 2014, Hancock Associate Assistance Foundation reported a surplus of $65K with revenue exceeding expenses, holds 293.8 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2011–2014), Hancock Associate Assistance Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -36.4% | +34.8% | +4.9% |
| 2013 | +64.9% | +7.0% | +12.7% |
| 2012 | +4.6% | -9.7% | +7.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hancock Associate Assistance Foundation with a Mission Score of 40 out of 100 (Fair). 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, Hancock Associate Assistance Foundation 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 (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $65K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% of expenses across all available filings, indicating that no officers or key employees received compensation, which is a positive sign for an organization of its historical size.
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.
Red Flags
The following concerns were identified during AI analysis of Hancock Associate Assistance Foundation's IRS 990 filings:
- Latest filing reports $0 revenue and $0 assets, a drastic change from previous years.
- Unexplained cessation of financial activity in the most recent period.
- Lack of NTEE code makes it difficult to assess program area and comparative efficiency.
Strengths
The following positive indicators were identified for Hancock Associate Assistance Foundation:
- Consistently maintained significant assets (over $1 million) in prior active years.
- Reported 0% officer compensation across all available filings, indicating efficient use of funds for leadership.
- No reported liabilities in any filing period, suggesting strong financial solvency historically.
- Historically, expenses were significantly lower than revenue, allowing for asset growth.
Frequently Asked Questions about Hancock Associate Assistance Foundation
Is Hancock Associate Assistance Foundation a legitimate charity?
Hancock Associate Assistance Foundation (EIN: 203533538) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 40/100. It has 4 years of IRS 990 filings on record. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Hancock Associate Assistance Foundation spend its money?
Hancock Associate Assistance Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hancock Associate Assistance Foundation tax-deductible?
Hancock Associate Assistance Foundation is registered as a tax-exempt nonprofit (EIN: 203533538). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hancock Associate Assistance Foundation located?
Hancock Associate Assistance Foundation is headquartered in Gulfport, Mississippi and files with the IRS under EIN 203533538.
How many years of IRS 990 filings does Hancock Associate Assistance Foundation have?
Hancock Associate Assistance Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What caused the sudden drop to $0 revenue and assets in the latest filing?
The provided data shows a drastic change from previous years where the organization consistently reported over $100,000 in revenue and over $1 million in assets. The latest filing indicates a complete cessation of financial activity, which requires further investigation to understand if the organization has ceased operations or undergone a significant restructuring.
Is the Hancock Associate Assistance Foundation still operational given its latest financial report?
Based on the latest reported revenue and assets of $0, it is highly questionable whether the organization is still actively operating. This data suggests a potential dormancy or dissolution, which would need to be confirmed through more recent filings or direct contact.
How did the organization manage its expenses relative to its revenue in prior years?
In prior years (2011-2014), the organization consistently generated more revenue than expenses. For example, in 2014, it had $122,023 in revenue against $56,999 in expenses, indicating a healthy surplus that contributed to its growing asset base.
What was the primary use of funds when the organization was active?
With 0% officer compensation and relatively low expenses compared to revenue, it can be inferred that the majority of the organization's spending was directed towards its program services and necessary administrative overhead. The consistent growth in assets also suggests prudent financial management in prior periods.
Filing History
IRS 990 filing history for Hancock Associate Assistance Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Hancock Associate Assistance Foundation's revenue has grown by 9.7%, moving from $111K to $122K. Total assets increased by 26.4% over the same period, from $1.1M to $1.4M. Total functional expenses rose by 30.2%, from $44K to $57K. In its most recent filing year (2014), Hancock Associate Assistance Foundation reported a surplus of $65K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $122K | $57K | $1.4M | $0 | — | View 990 |
| 2013 | $192K | $42K | $1.3M | $0 | — | View 990 |
| 2012 | $116K | $40K | $1.2M | $0 | — | View 990 |
| 2011 | $111K | $44K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $122K, expenses of $57K, and assets of $1.4M (revenue -36.4% year-over-year).
- 2013: Revenue of $192K, expenses of $42K, and assets of $1.3M (revenue +64.9% year-over-year).
- 2012: Revenue of $116K, expenses of $40K, and assets of $1.2M (revenue +4.6% year-over-year).
- 2011: Revenue of $111K, expenses of $44K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hancock Associate Assistance Foundation:
Data Sources and Methodology
This transparency report for Hancock Associate Assistance Foundation 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.