Echo Inc

Analysis

Echo Inc is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in October 1969, 57 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 2023, Echo Inc reported income of $1.8m and spending of $1.7m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.8m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Echo Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Skookum Kids ($1.8m), Friends of Yates Branch Inc ($1.8m) and Domestic Abuse Shelter Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $3.3m against liabilities of $17k, net assets of $3.3m.