Echo Foundation

Analysis

Echo Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 Foundation reported income of $402k and spending of $509k, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $247k to $402k (+63%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 668%. Over the whole period it spent 81% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Echo Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Central Alabama Fair Housing Center Inc ($402k), Pennsylvanians for Modern Courts ($402k) and Childrens Safe Harbor Inc ($402k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $150k (29% of expenses). Other salaries and wages came to $92k. At year end it held assets of $443k against liabilities of $11k, net assets of $432k. It reported 5 employees.