Parents and Friends of Hancock Inc

Analysis

Parents and Friends of Hancock Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Parents and Friends of Hancock Inc reported income of $6.7m and spending of $6.0m, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.4m to $6.7m (+52%), an average of +8.7% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parents and Friends of Hancock Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Sparkwheel Inc ($6.7m), Washington State Charter Schools Association ($6.8m) and City Neighbors High School ($6.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $74k (1.2% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $8.8m against liabilities of $1.3m, net assets of $7.5m. It reported 111 employees.