Augusta College Echo Hall Association

Analysis

Augusta College Echo Hall Association is a registered charity in United States, based in Augusta, KY. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Augusta College Echo Hall Association reported income of $61k and spending of $47k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $61k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 144% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Augusta College Echo Hall Association sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within KY. Charities of a similar size with the same main cause include The Committee of 101 ($60k), Ivy Vine Charities Incorporated ($61k) and Human Resources Development Fountaion Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 1.2% of the total. At year end it held assets of $407k against liabilities of $0, net assets of $407k.