Echoes Africa Initiatives

Analysis

Echoes Africa Initiatives is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 2021, 5 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, Echoes Africa Initiatives reported income of $191k and spending of $189k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $64k to $191k (+199%), an average of +73% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Echoes Africa Initiatives sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Naked Angels Ltd ($191k), Pones Inc ($191k) and Cepa Management Corporation ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $38k, net assets of -$38k.