Eastern Hancock Education Foundation

Analysis

Eastern Hancock Education Foundation is a registered charity in United States, based in Charlottesville, IN. It received its IRS tax-exemption ruling in January 2017, 9 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 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 December 2023, Eastern Hancock Education Foundation reported income of $54k and spending of $34k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $54k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Eastern Hancock Education Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IN. Charities of a similar size with the same main cause include Credit Union Foundation of the Dakotas ($54k), AFC Public Foundation ($54k) and NCL Inc South Austin Wildflowers Chapter ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $147k against liabilities of $0, net assets of $147k.