Hancock Properties Foundation

Analysis

Hancock Properties Foundation is a registered charity in United States, based in Findlay, OH. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hancock Properties Foundation reported income of $601k and spending of $636k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $526k to $601k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 127%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hancock Properties Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include World AIDS Museum Incorporated ($600k), Boulder Rotary Club Foundation Inc ($602k) and Adirondack TR Company Community Fund ($600k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $141k. At year end it held assets of $3.9m against liabilities of $57k, net assets of $3.8m. It reported 2 employees.