The Hancock Health Foundation Inc

Analysis

The Hancock Health Foundation Inc is a registered charity in United States, based in Bay St Louis, MS. It received its IRS tax-exemption ruling in February 1985, 41 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Hancock Health Foundation Inc reported income of $52k and spending of $59k, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $61k to $52k (-14%), an average of -3.6% a year. The sharpest change came in the year to September 2021, when income rose by 459%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Hancock Health Foundation Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within MS. Charities of a similar size with the same main cause include Legatus ($52k), Friends of West Side Rowing Club Incorporated of the City of Buffal ($52k) and Northern Delaware Intergroup Inc ($52k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $751k against liabilities of $0, net assets of $751k.