Echo Foundation Inc

Analysis

Echo Foundation Inc is a registered charity in United States, based in Estherville, IA. It received its IRS tax-exemption ruling in June 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Echo Foundation Inc reported income of $55k and spending of $27k, leaving 51% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $22k to $55k (+150%), an average of +150% a year. The sharpest change came in the year to June 2024, when income rose by 150%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Echo Foundation Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within IA. Charities of a similar size with the same main cause include Road Runners Club of America ($55k), Cruzada Estudiantil Y Professional Para Cristo Inc ($55k) and Fort Smith Chorale Association Incorporated ($55k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 96% of the total. At year end it held assets of $170k against liabilities of $0, net assets of $170k.