Echo INC EIN 54-0852799

Echo INC FY2024 filing

EIN  54-0852799 Public charity (501(c)(3)) Springfield, VA Founded 1969
Form 990 (PDF)
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Verified accurate 9/3/26 · see original filing: IRS
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Size
$1–10M
What they do
Provides financial aid, food, clothing, and supplies to those facing poverty or emergencies.
Leadership
Robert Vitter · President, Board of Directors
Money in and out
$1.8M revenue, $1.8M expenses
Bottom line
98% program efficiency

Provides financial aid, food, clothing, and supplies to those facing poverty or emergencies. For fiscal year 2024 it reported $1.8M in revenue, $1.8M in expenses, and $3.4M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.8M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$3.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $71K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02 Fundraising $0.00
Program efficiency
98%
of spending reaches programs
Operating runway
13.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.8M
FY2024▼ -1%
Expenses
$1.8M
FY2024▲ +4%
Total assets
$3.4M
FY2024▲ +3%
Total liabilities
$44K
FY2024▲ +153%
Total revenue
$1.8M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$3.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$71K
Total assetsPt X · Ln 16$3.4M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 424
Mission & Programs · Part III

Where the work happens

1 program service account for $1.7M of program spending, described in the organization's own filed words · FY2023.
01

Continuing to absorb the lessons learned from the COVID pandemic, ECHO adjusted operations and finances in FY 2024 to address a decline in food donations, while meeting increased needs for financial assistance for rent and utilities. ECHO assisted 1,414 unduplicated households, 5,413 individuals in FY 2024.

$1.7Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEcho INC
EINHdr · item D54-0852799
Principal addressHdr · item CSpringfield, VA
WebsiteHdr · item Jwww.echo-inc.org
Year of formationHdr · item L1969
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P600)
Ruling yearIRS BMFOct 1969

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a24
Independent voting membersPt VI · Ln 1b24
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President, Board of Directors
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$1.8M · 98%
Other revenue$45K · 2%
Contributions & grants98%$1.8M
Other revenue2%$45K
Investment income$582
— government grantsLn 1e$222K
Total revenueLn 12$1.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02 Fundraising $0.00
Program services98%$1.7M
Management & general2%$32K
Fundraising$2K
Total functional expensesLn 25$1.8M

Balance Sheet

Part X · end of year
CashLn 1$841K
Total assetsLn 16$3.4M
Total liabilitiesLn 26$44K
Total net assetsLn 32$3.4M
Months of cash on handcomputed5.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $841K · Operating expenses (Pt IX) $1.8M · Less non-cash grants $1.0M · Cash operating expenses/yr $726K
13.9 months
Where the money goes
Program services
Program services $1.7M · Total expenses $1.8M
98%
Management & General
Management & general $32K · Total expenses $1.8M
2%
Fundraising
Fundraising $2K · Total expenses $1.8M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $1.6M
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.8M · Total revenue $1.8M
98%
Government reliance
Government grants $222K · Total revenue $1.8M
12%
Earned-income share
Program service revenue $0 · Total revenue $1.8M
0%
Investment reliance
Investment income $582 · Total revenue $1.8M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.8M
0%
Growth & trend
Revenue growth (YoY)
This year $1.8M · Prior year $1.8M
-1%
Revenue CAGR
FY2019 $1.7M · FY2023 $1.8M
+2%
Net-asset trend (YoY)
End of year $3.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.8M · Expenses $1.8M
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $3.4M
Net-asset ratio
Net assets $3.4M · Total assets $3.4M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $3.4M
0%
People & payroll
Highest Reported Total Compensation
Individual Robert Vitter · Reported title President, Board of Directors · Highest reported compensation $0 · Total expenses $1.8M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $1.8M
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth -1%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 14 grants · $2.0M · 2019–2024
Unitemized GrantFY2024$346,540
Unitemized GrantFY2024$18,400
Unitemized GrantFY2023$351,830
Unitemized GrantFY2023$51,040
Unitemized GrantFY2022$313,429
Unitemized GrantFY2022$51,100
Unitemized GrantFY2021$262,114
Unitemized GrantFY2021$48,180
Unitemized GrantFY2020$177,028
Unitemized GrantFY2020$57,100
Unitemized GrantFY2019$248,946
Unitemized GrantFY2019$35,480

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$1.8M revenue · viewing · ⤓ 990 PDF
FY2023$1.8M revenue · ⤓ 990 PDF
FY2022$1.8M revenue · ⤓ 990 PDF
FY2021$2.1M revenue · ⤓ 990 PDF
FY2020$1.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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