Hancock Improvement Association Inc
Hancock Improvement Association Inc shows highly variable financial activity with recent dormancy.
EIN: 10885580 · Hancock, NH · NTEE: S20 · Updated: 2026-03-28
Is Hancock Improvement Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hancock Improvement Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hancock Improvement Association Inc
Hancock Improvement Association Inc (EIN: 10885580) is a nonprofit organization based in Hancock, NH, classified under NTEE code S20. 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 Improvement Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hancock Improvement Association Inc with a Mission Score of 70 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 Improvement Association Inc 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization with no paid officers, which is common for small community groups.
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 Improvement Association Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential dormancy or reporting issues.
- Highly volatile revenue and expense figures across reporting periods, making consistent financial planning challenging.
Strengths
The following positive indicators were identified for Hancock Improvement Association Inc:
- Consistently reports 0% officer compensation, indicating a volunteer-driven model.
- Maintains $0 liabilities across all reported periods, demonstrating good debt management.
- Historically low administrative overhead due to volunteer leadership.
Frequently Asked Questions about Hancock Improvement Association Inc
Is Hancock Improvement Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hancock Improvement Association Inc (EIN: 10885580) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Hancock Improvement Association Inc spend its money?
Hancock Improvement Association Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hancock Improvement Association Inc tax-deductible?
Hancock Improvement Association Inc is registered as a tax-exempt nonprofit (EIN: 10885580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the current operational status of Hancock Improvement Association Inc given the latest $0 revenue and assets?
The latest filing showing $0 revenue and assets suggests the organization may be dormant or in a transitional phase. Further inquiry would be needed to confirm its current activities.
How does the organization fund its activities given the fluctuating revenue?
The organization's revenue has varied significantly, from $37 in 2012 to $192,198 in 2014. This suggests reliance on grants, specific fundraising campaigns, or project-based funding rather than a consistent income stream.
What caused the significant decline in assets from $75,684 in 2017 to $41,610 in 2020, and then to $0 in the latest report?
The decline in assets could be due to spending down reserves for specific projects, asset depreciation, or a change in how assets are reported. The latest $0 asset report is particularly unusual and warrants clarification.
Filing History
IRS 990 filing history for Hancock Improvement Association Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Hancock Improvement Association Inc's revenue has grown by 4047.5%, moving from $80 to $3K. Total assets increased by 262.1% over the same period, from $11K to $42K. Total functional expenses rose by 3069.4%, from $121 to $4K. In its most recent filing year (2020), Hancock Improvement Association Inc reported a deficit of $517, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2020 | $3K | $4K | $42K | $0 | — | View 990 |
| 2019 | $2K | $22K | $42K | $0 | — | View 990 |
| 2018 | $5K | $19K | $62K | $0 | — | View 990 |
| 2017 | $71K | $18K | $76K | $0 | — | View 990 |
| 2016 | $37K | $33K | $22K | $0 | — | View 990 |
| 2015 | $89K | $83K | $19K | $0 | — | View 990 |
| 2014 | $192K | $195K | $12K | $0 | — | View 990 |
| 2013 | $14K | $77 | $15K | $0 | — | View 990 |
| 2012 | $37 | $10K | $1K | $0 | — | View 990 |
| 2011 | $80 | $121 | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $3K, expenses of $4K, and assets of $42K (revenue +104.2% year-over-year).
- 2019: Revenue of $2K, expenses of $22K, and assets of $42K (revenue -68.1% year-over-year).
- 2018: Revenue of $5K, expenses of $19K, and assets of $62K (revenue -92.8% year-over-year).
- 2017: Revenue of $71K, expenses of $18K, and assets of $76K (revenue +91.3% year-over-year).
- 2016: Revenue of $37K, expenses of $33K, and assets of $22K (revenue -58.3% year-over-year).
- 2015: Revenue of $89K, expenses of $83K, and assets of $19K (revenue -53.7% year-over-year).
- 2014: Revenue of $192K, expenses of $195K, and assets of $12K (revenue +1318.4% year-over-year).
- 2013: Revenue of $14K, expenses of $77, and assets of $15K (revenue +36521.6% year-over-year).
- 2012: Revenue of $37, expenses of $10K, and assets of $1K (revenue -53.8% year-over-year).
- 2011: Revenue of $80, expenses of $121, and assets of $11K.
Data Sources and Methodology
This transparency report for Hancock Improvement Association Inc 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.