Ech Inc

Analysis

Ech Inc is a registered charity in United States, based in Crown Point, IN. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Ech Inc reported income of $587k and spending of $604k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $177k to $587k (+232%), an average of +232% a year. The sharpest change came in the year to December 2023, when income rose by 232%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ech Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Career Transitions Inc ($587k), Love My Job Training Center ($587k) and Upper Kittitas County Community Recreation Center Alliance ($587k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $12k (2.0% of expenses). At year end it held assets of $69k against liabilities of $0, net assets of $69k.