Echo Community Health Care Inc

Analysis

Echo Community Health Care Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in February 1991, 35 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, Echo Community Health Care Inc reported income of $15.5m and spending of $16.2m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.1m to $15.5m (+19%), an average of +4.4% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Echo Community Health Care Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include The Rose ($15.5m), World Ort Inc ($15.5m) and Interfaith Outreach and Community Partners ($15.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $926k (5.7% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $10.7m against liabilities of $1.4m, net assets of $9.3m. It reported 203 employees.