Echelon Housing Inc

Analysis

Echelon Housing Inc is a registered charity in United States, based in N Bethesda, MD. It received its IRS tax-exemption ruling in January 1995, 31 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 2021, Echelon Housing Inc reported income of $4.4m and spending of $6.2m, spending 141% of what it took in. Across the 4 years on record, from December 2018 to December 2021, income grew from $3.5m to $4.4m (+28%), an average of +8.6% a year. The sharpest change came in the year to December 2020, when income rose by 256%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Echelon Housing Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Live the Dream Development Inc ($4.4m), Senior Citizens Housing Development Corporation of Chicago ($4.4m) and Nampa Christian Housing Inc ($4.4m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $356k. At year end it held assets of $23.9m against liabilities of $16.2m, net assets of $7.7m.