Project Echo Inc

Analysis

Project Echo Inc is a registered charity in United States, based in PRNC Frederck, MD. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Project Echo Inc reported income of $1.1m and spending of $1.0m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $975k to $1.1m (+9.1%), an average of +2.2% a year. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Echo Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Mobility Danes of New England Inc ($1.1m), Transport Assistance Inc ($1.1m) and Ywam Faith Harvest Helpers ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $322k (31% of expenses). At year end it held assets of $2.5m against liabilities of $74k, net assets of $2.5m. It reported 7 employees.