Hancock Resource Center

Analysis

Hancock Resource Center is a registered charity in United States, based in Bay St Louis, MS. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Hancock Resource Center reported income of $1.9m and spending of $1.9m, spending 100% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $1.2m to $1.9m (+55%), an average of +9.2% a year. The sharpest change came in the year to June 2022, when income rose by 179%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hancock Resource Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within MS. Charities of a similar size with the same main cause include Truman State University Foundation ($1.9m), Boston Outdoor Preschool Network Inc ($1.9m) and Regina Coeli Academy ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $109k (5.9% of expenses). Other salaries and wages came to $641k. At year end it held assets of $341k against liabilities of $305k, net assets of $36k. It reported 27 employees.