Hancock Public Schools Foundation Inc

Analysis

Hancock Public Schools Foundation Inc is a registered charity in United States, based in Hancock, MI. It received its IRS tax-exemption ruling in September 1988, 38 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 2024, Hancock Public Schools Foundation Inc reported income of $113k and spending of $151k, spending 133% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $112k to $113k (+0.7%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 82%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hancock Public Schools Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Ozer Ministries Inc ($113k), Skinker Debaliviere Community Council ($113k) and American Independent Media ($113k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.3% of the total. At year end it held assets of $2.5m against liabilities of $520, net assets of $2.5m.