Hancock County Homes Foundation

Analysis

Hancock County Homes Foundation is a registered charity in United States, based in Ellsworth, ME. It received its IRS tax-exemption ruling in January 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hancock County Homes Foundation reported income of $700k and spending of $770k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $658k to $700k (+6.3%), an average of +1.5% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hancock County Homes Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within ME. Charities of a similar size with the same main cause include Training Institute of Natl Psycho Logical Assoc for Psychoanalysis ($700k), Akron Regional Development Board Educational Fund ($700k) and All Saints Episcopal School ($700k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $164k. At year end it held assets of $1.4m against liabilities of $2.4m, net assets of -$1.1m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.