Echo Ministry

Analysis

Echo Ministry is a registered charity in United States, based in Elkin, NC. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Echo Ministry reported income of $439k and spending of $349k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $439k (+63%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Echo Ministry sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Transformation Life Center ($439k), Fresh Breath International Worship Center Inc ($439k) and Bahamas Faith Ministries International Inc ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $116k. At year end it held assets of $868k against liabilities of $238k, net assets of $630k. It reported 8 employees.