Ech Housing Inc

Analysis

Ech Housing Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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 December 2023, Ech Housing Inc reported income of $4.5m and spending of $5.7m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $4.5m (+90%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 199%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ech Housing 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 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Childrens Place Inc ($4.5m), Bayshore Christian School ($4.5m) and Thacher Montessori School Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $12.7m against liabilities of $13.6m, net assets of -$924k.

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.