Hancock Partners Inc

Analysis

Hancock Partners Inc is a registered charity in United States, based in Hancock, NY. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Hancock Partners Inc reported income of $90k and spending of $156k, spending 173% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $33k to $90k (+175%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 140%. Over the whole period it spent 153% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hancock Partners Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Largo United Soccer Club Inc ($90k), Black Mountain Parks and Greenways Inc ($90k) and Hydro District Free Fair Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. At year end it held assets of $576k against liabilities of $86k, net assets of $490k.

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.