Hope Echoes Charities

Analysis

Hope Echoes Charities is a registered charity in United States, based in Elmhurst, IL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Hope Echoes Charities reported income of $116k and spending of $157k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $150k to $116k (-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 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Echoes Charities sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include The Asperger Shop ($116k), Focus Gi Inc ($116k) and US Kenya Health Partners Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.