Echoing Green Inc

Analysis

Echoing Green Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Echoing Green Inc reported income of $29.7m and spending of $19.8m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.4m to $29.7m (+186%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 472%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Echoing Green Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Michigan Family Resources ($29.7m), Sage Hill School ($29.7m) and Star Sports Theatre Arts & Recreation Inc ($29.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $686k (3.5% of expenses). Other salaries and wages came to $3.0m. It paid $688k in professional fundraising fees. At year end it held assets of $73.6m against liabilities of $5.6m, net assets of $68.0m. It reported 42 employees.