Echo Housing Corporation

Analysis

Echo Housing Corporation is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Housing Corporation reported income of $3.8m and spending of $2.6m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.8m (+111%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Echo Housing Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.8m), Communities Resist ($3.8m) and Westwood Senior Housing Corp ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $158k (6.0% of expenses). Other salaries and wages came to $571k. At year end it held assets of $9.2m against liabilities of $952k, net assets of $8.2m. It reported 22 employees.