Eke Inc

Analysis

Eke Inc is a registered charity in United States, based in Joppa, MD. It received its IRS tax-exemption ruling in January 2015, 11 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 2023, Eke Inc reported income of $714k and spending of $672k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $376k to $714k (+90%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eke Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Calvary Refuge Inc ($714k), Venable Apartments I Inc ($714k) and Chicago Community Land Trust ($714k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $15k (2.2% of expenses). Other salaries and wages came to $57k. At year end it held assets of $8,912 against liabilities of $0, net assets of $8,912.