Ecuador Quilt Inc

Analysis

Ecuador Quilt Inc is a registered charity in United States, based in Pompton Lakes, NJ. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ecuador Quilt Inc reported income of $77k and spending of $81k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $95k to $77k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ecuador Quilt Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within NJ. Charities of a similar size with the same main cause include St Croix Valley Supportive Housing for the Elderly Inc ($77k), Birthday Bash Box ($77k) and St Charles Rotary Club Charitable Fund ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.