Echo Education Services

Analysis

Echo Education Services is a registered charity in United States, based in Mansfield, TX. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Echo Education Services reported income of $669k and spending of $656k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $502k to $669k (+33%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 1448%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Echo Education Services sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Anchor Christian Academy ($669k), Tuxedo Park Library ($669k) and Boston Book Festival Inc ($669k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $115k (17% of expenses). At year end it held assets of $31k against liabilities of $502k, net assets of -$470k. It reported 2 employees.