Hancock Health Gateway Services Inc

Analysis

Hancock Health Gateway Services Inc is a registered charity in United States, based in Greenfield, IN. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hancock Health Gateway Services Inc reported income of $3.2m and spending of $5.2m, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.7m to $3.2m (-44%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 147% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hancock Health Gateway Services Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include McLaren Flint Foundation ($3.2m), Childrens Advocacy Center of Charlotte Inc ($3.2m) and Angel Foundation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.2m against liabilities of $9.2m, net assets of -$7.0m.

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.