Echo Ministries Inc

Analysis

Echo Ministries Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Echo Ministries Inc reported income of $1.7m and spending of $1.8m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.7m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 211%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Echo Ministries 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 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Compass College of Cinematic Arts ($1.7m), Muddy Sneakers Inc ($1.7m) and New England Center for Circus Artsinc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $126k (6.9% of expenses). At year end it held assets of $956k against liabilities of $427k, net assets of $529k. It reported 10 employees.