Echo Inc

Analysis

Echo Inc is a registered charity in United States, based in N Ft Myers, FL. It received its IRS tax-exemption ruling in November 1973, 53 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 March 2024, Echo Inc reported income of $4.8m and spending of $4.9m, spending 102% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $4.6m to $4.8m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to March 2021, when income rose by 21%. Over the whole period it spent 85% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, 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 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Semilla Nueva ($4.8m), Onesky ($4.8m) and Shrimad Rajchandra Love and Care - USA Inc ($4.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $165k (3.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $8.3m against liabilities of $706k, net assets of $7.6m. It reported 71 employees.