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
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Hancock Point Village Improvement is mapped to EIN 16020645.
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| Metric | Value |
|---|---|
| Total Revenue | $132K |
| Total Expenses | $90K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $130,000. |
| Net Assets | $390K |
| Transparency Score | 90/100 |
Search Intent Cockpit
Hancock Point Village Improvement Form 990, Revenue, CEO Pay, and IRS Filing Signals
Hancock Point Village Improvement is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Hancock Point Village Improvement in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $137K and expenses of $90K.
Revenue and Expenses
Hancock Point Village Improvement reported $137K in revenue and $90K in expenses, a surplus of $47K.
Executive Compensation
Top officer compensation appears as $130,000. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
90/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
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 →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $77K (85%) |
Across stored filings, Hancock Point Village Improvement shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
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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.
Organization Overview
Hancock Point Village Improvement is a small nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $137K |
| Total Expenses | $90K |
| Surplus / Deficit | +$47K |
| Total Assets | $390K |
| Net Assets | $390K |
| Operating Margin | 34.4% |
| Months of Reserves | 52.0 months |
Financial Health Grade: A
In 2023, Hancock Point Village Improvement reported a surplus of $47K with revenue exceeding expenses, holds 52.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2023), Hancock Point Village Improvement's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.9% | -10.2% | +20.2% |
| 2022 | +4.6% | +8.4% | -1.4% |
| 2021 | +21.7% | -11.6% | +14.8% |
| 2020 | -5.7% | +31.6% | +2.5% |
| 2019 | +9.2% | -3.9% | +18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $47K, with revenue exceeding expenses.
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?
Hancock Point Village Improvement (EIN: 16020645) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $132K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Hancock Point Village Improvement spend its money?
Hancock Point Village Improvement directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
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.
How much does the Hancock Point Village Improvement CEO make?
Hancock Point Village Improvement's highest-compensated officer earns $130,000. annually. The organization reported $132K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hancock Point Village Improvement's spending goes to programs?
Hancock Point Village Improvement directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hancock Point Village Improvement located?
Hancock Point Village Improvement is headquartered in Hancock, Maine and files with the IRS under EIN 16020645.
How many years of IRS 990 filings does Hancock Point Village Improvement have?
Hancock Point Village Improvement has 13 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 $132K in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hancock Point Village Improvement:
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.