Hancock Family Foundation
Hancock Family Foundation's assets have significantly decreased from over $2 million to $10,619, while expenses frequently exceed revenue.
EIN: 203492421 · Albuquerque, NM · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $778K |
| Total Expenses | $138K |
| Program Spending | 80% |
| Net Assets | $2.1M |
| Transparency Score | 65/100 |
Is Hancock Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hancock Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hancock Family Foundation
Hancock Family Foundation (EIN: 203492421) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code T20. The organization reported total revenue of $778K and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hancock Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hancock Family Foundation is a small nonprofit that has been operating for 20 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $102K |
| Total Expenses | $138K |
| Surplus / Deficit | $-36,066 |
| Total Assets | $2.1M |
| Total Liabilities | $1 |
| Net Assets | $2.1M |
| Operating Margin | -35.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 182.2 months |
Financial Health Grade: B
In 2020, Hancock Family Foundation reported a deficit of $36K with expenses exceeding revenue, holds 182.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Hancock Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -17.2% | -6.0% | -1.7% |
| 2019 | +47.2% | +14.7% | -5.0% |
| 2015 | -73.2% | -6.0% | -1.9% |
| 2014 | +272.0% | +29.5% | +8.3% |
| 2013 | +4.5% | +7.4% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Hancock Family Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hancock Family Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $36K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officer salaries were paid, which is highly favorable for minimizing administrative overhead.
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 Family Foundation's IRS 990 filings:
- Dramatic decrease in assets from over $2 million to $10,619 without clear explanation.
- Consistent pattern of expenses exceeding revenue in most reported periods.
- Latest reported revenue ($777,620) is significantly higher than historical revenues, but assets are very low, suggesting a potential one-time event or a reporting anomaly.
Strengths
The following positive indicators were identified for Hancock Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Long history of IRS 990 filings, demonstrating transparency in reporting.
Frequently Asked Questions about Hancock Family Foundation
Is Hancock Family Foundation a legitimate charity?
Hancock Family Foundation (EIN: 203492421) is a registered tax-exempt nonprofit based in New Mexico. Our AI analysis gives it a Mission Score of 65/100. It has 7 years of IRS 990 filings on record. Total revenue: $778K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Hancock Family Foundation spend its money?
Hancock Family Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hancock Family Foundation tax-deductible?
Hancock Family Foundation is registered as a tax-exempt nonprofit (EIN: 203492421). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hancock Family Foundation's spending goes to programs?
Hancock Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hancock Family Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Hancock Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hancock Family Foundation located?
Hancock Family Foundation is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 203492421. It is classified under NTEE code T20.
How many years of IRS 990 filings does Hancock Family Foundation have?
Hancock Family Foundation has 7 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 $778K in total revenue.
What caused the drastic reduction in assets from over $2 million to $10,619?
The provided data shows a significant drop in assets from $2,091,118 in 2020 to $10,619 in the latest report. This could be due to a large grant distribution, a change in investment strategy, or a reporting error, and requires further investigation of the full 990 forms.
How does the foundation sustain operations with expenses consistently exceeding revenue?
Historically, the foundation has drawn down on its substantial asset base (over $2 million) to cover expenses that often exceeded revenue. With the latest reported assets at $10,619, this strategy is no longer viable, suggesting a significant change in operational funding or scale.
What is the current operational status and funding model of the foundation given its low asset base?
With assets of only $10,619 and a history of expenses exceeding revenue, the foundation's current operational status and future funding model are unclear. It would likely need new significant revenue streams or a drastic reduction in expenses to continue its mission.
Filing History
IRS 990 filing history for Hancock Family Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Hancock Family Foundation's revenue has grown by 29.7%, moving from $78K to $102K. Total assets decreased by 2.6% over the same period, from $2.1M to $2.1M. Total functional expenses rose by 42.5%, from $97K to $138K. In its most recent filing year (2020), Hancock Family Foundation reported a deficit of $36K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $102K | $138K | $2.1M | $1 | — | — |
| 2019 | $123K | $147K | $2.1M | $1 | — | View 990 |
| 2015 | $83K | $128K | $2.2M | $1 | — | View 990 |
| 2014 | $311K | $136K | $2.3M | $1 | — | View 990 |
| 2013 | $84K | $105K | $2.1M | $1 | — | View 990 |
| 2012 | $80K | $98K | $2.1M | $1 | — | View 990 |
| 2011 | $78K | $97K | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $102K, expenses of $138K, and assets of $2.1M (revenue -17.2% year-over-year).
- 2019: Revenue of $123K, expenses of $147K, and assets of $2.1M (revenue +47.2% year-over-year).
- 2015: Revenue of $83K, expenses of $128K, and assets of $2.2M (revenue -73.2% year-over-year).
- 2014: Revenue of $311K, expenses of $136K, and assets of $2.3M (revenue +272.0% year-over-year).
- 2013: Revenue of $84K, expenses of $105K, and assets of $2.1M (revenue +4.5% year-over-year).
- 2012: Revenue of $80K, expenses of $98K, and assets of $2.1M (revenue +2.1% year-over-year).
- 2011: Revenue of $78K, expenses of $97K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hancock Family Foundation:
Data Sources and Methodology
This transparency report for Hancock Family 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.