Echo System

Analysis

Echo System is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 System reported income of $478k and spending of $409k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $102k to $478k (+368%), an average of +116% a year. The sharpest change came in the year to December 2022, when income rose by 136%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Echo System sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Global Coalition on Sustainability Fka US Coalition on Sustainability ($477k), Electric Lit Inc ($478k) and Tools Up Foundation Inc ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $186k (46% of expenses). Other salaries and wages came to $59k. At year end it held assets of $119k against liabilities of $635, net assets of $118k. It reported 11 employees.