Hancock Point Village Improvement
Hancock Point Village Improvement maintains strong financial health with growing assets and no liabilities, operating without executive compensation.
EIN: 16020645 · Hancock, ME · Updated: 2026-03-28
Is Hancock Point Village Improvement Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hancock Point Village Improvement directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hancock Point Village Improvement
Hancock Point Village Improvement (EIN: 16020645) is a nonprofit organization based in Hancock, ME. The organization reported total revenue of $132K and total assets of $418K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hancock Point Village Improvement'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 Point Village Improvement with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Hancock Point Village Improvement allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led or very lean executive structure, which is highly efficient for a nonprofit of its size with annual revenues around $130,000.
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 Hancock Point Village Improvement:
- Consistent asset growth: Assets increased from $279,912 in 2019 to $390,428 in 2023, demonstrating strong financial management.
- Zero liabilities: The organization consistently reports $0 in liabilities, indicating excellent fiscal responsibility and low financial risk.
- No officer compensation: 0% officer compensation across all filings suggests a highly efficient, volunteer-driven leadership model.
- Stable and growing revenue: Revenue has shown a positive trend, from $106,071 in 2019 to $137,397 in 2023, ensuring sustainability.
- Positive net income: In most recent years (e.g., 2023 revenue $137,397 vs. expenses $90,119), the organization has generated a surplus, contributing to asset growth.
Frequently Asked Questions about Hancock Point Village Improvement
Is Hancock Point Village Improvement a legitimate charity?
Based on AI analysis of IRS 990 filings, Hancock Point Village Improvement (EIN: 16020645) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Hancock Point Village Improvement spend its money?
Hancock Point Village Improvement directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hancock Point Village Improvement tax-deductible?
Hancock Point Village Improvement is registered as a tax-exempt nonprofit (EIN: 16020645). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hancock Point Village Improvement a good charity?
Based on the available data, Hancock Point Village Improvement appears to be a good charity. It demonstrates strong financial health with growing assets (from $279,912 in 2019 to $390,428 in 2023), consistent revenue, and zero liabilities. The absence of officer compensation is a significant positive, suggesting resources are directly applied to its mission.
How has the organization's financial health changed over time?
Hancock Point Village Improvement has shown consistent financial growth. Its assets have steadily increased from $223,834 in 2015 to $390,428 in 2023. Revenue has also generally trended upwards, from $83,578 in 2015 to $137,397 in 2023, indicating stable and improving financial health.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings. This indicates a commitment to directing all available funds towards its operational mission rather than executive salaries, likely relying on volunteer leadership.
Filing History
IRS 990 filing history for Hancock Point Village Improvement showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Hancock Point Village Improvement's revenue has grown by 102.6%, moving from $68K to $137K. Total assets increased by 79.1% over the same period, from $218K to $390K. Total functional expenses rose by 27.6%, from $71K to $90K. In its most recent filing year (2023), Hancock Point Village Improvement reported a surplus of $47K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $137K | $90K | $390K | $0 | — | — |
| 2022 | $127K | $100K | $325K | $0 | — | View 990 |
| 2021 | $122K | $93K | $329K | $0 | — | View 990 |
| 2020 | $100K | $105K | $287K | $0 | — | — |
| 2019 | $106K | $80K | $280K | $0 | — | View 990 |
| 2018 | $97K | $83K | $237K | $0 | — | View 990 |
| 2017 | $88K | $83K | $236K | $0 | — | View 990 |
| 2016 | $82K | $83K | $227K | $0 | — | View 990 |
| 2015 | $84K | $95K | $224K | $0 | — | View 990 |
| 2014 | $86K | $79K | $242K | $0 | — | View 990 |
| 2013 | $64K | $64K | $233K | $0 | — | View 990 |
| 2013 | $75K | $83K | $226K | $0 | — | View 990 |
| 2012 | $68K | $71K | $218K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $137K, expenses of $90K, and assets of $390K (revenue +7.9% year-over-year).
- 2022: Revenue of $127K, expenses of $100K, and assets of $325K (revenue +4.6% year-over-year).
- 2021: Revenue of $122K, expenses of $93K, and assets of $329K (revenue +21.7% year-over-year).
- 2020: Revenue of $100K, expenses of $105K, and assets of $287K (revenue -5.7% year-over-year).
- 2019: Revenue of $106K, expenses of $80K, and assets of $280K (revenue +9.2% year-over-year).
- 2018: Revenue of $97K, expenses of $83K, and assets of $237K (revenue +9.8% year-over-year).
- 2017: Revenue of $88K, expenses of $83K, and assets of $236K (revenue +8.0% year-over-year).
- 2016: Revenue of $82K, expenses of $83K, and assets of $227K (revenue -2.1% year-over-year).
- 2015: Revenue of $84K, expenses of $95K, and assets of $224K (revenue -3.2% year-over-year).
- 2014: Revenue of $86K, expenses of $79K, and assets of $242K (revenue +34.8% year-over-year).
- 2013: Revenue of $64K, expenses of $64K, and assets of $233K (revenue -14.4% year-over-year).
- 2013: Revenue of $75K, expenses of $83K, and assets of $226K (revenue +10.3% year-over-year).
- 2012: Revenue of $68K, expenses of $71K, and assets of $218K.
Data Sources and Methodology
This transparency report for Hancock Point Village Improvement 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.