Echoes of Hope

Analysis

Echoes of Hope is a registered charity in United States, based in El Segundo, CA. It received its IRS tax-exemption ruling in June 2007, 19 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 December 2023, Echoes of Hope reported income of $374k and spending of $415k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $374k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Echoes of Hope sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include African American Chamber Foundation of Western Pa ($374k), Osher Lifelong Learning Institute at Carnegie Mellon University ($374k) and Open California ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $103k (25% of expenses). Other salaries and wages came to $58k. At year end it held assets of $285k against liabilities of $7,495, net assets of $278k. It reported 1 employees.