Cumac Echo Inc

Analysis

Cumac Echo Inc is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in April 2010, 16 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, Cumac Echo Inc reported income of $8.2m and spending of $8.5m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $8.2m (+78%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cumac Echo Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Hogar Crea Inc ($8.2m), United Cerebral Palsy of San Luis Obispo County ($8.2m) and Kings Rehabilitation Center Inc ($8.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $359k (4.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.7m against liabilities of $908k, net assets of $1.8m. It reported 40 employees.