Hancock Manor Corporation

Analysis

Hancock Manor Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hancock Manor Corporation reported income of $325k and spending of $729k, spending 224% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $403k to $325k (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2022, when income dropped by 20%. Over the whole period it spent 152% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hancock Manor Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include T a Initiative ($325k), Independent Housing Resources East Inc ($325k) and Just Communities Arizona ($325k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $46k. At year end it held assets of $749k against liabilities of $15.5m, net assets of -$14.8m. It reported 6 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.