Echo Ministry FY2023 filing

Tax-deductible

Elkin, NC501(c)(3)Since 1999ReligionEIN 56-2125976

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$88K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
IRS e-file · Filing history
Is it financially stable?
5 of 6
years in the black
Pt I · Ln 19 · 6 filings
How much reaches the programs?
72%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$88K
to officers and key staff · 25% of spending
Pt VII · Sec A
Do they have reserves?
8 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $11K
Funders’ Sch. I, 990-PF
Do they carry debt?
$238K
liabilities
Pt X · Ln 26
Who oversees it?
12
independent of 12 voting board members
Pt VI · Ln 1a–1b
Revenue
$439K
-13% vs prior year
Spent
$349K
To programs
72%
Net assets
$630K
By yearFY2020–FY2025
Revenue
$439K
FY2023▼ -13%
Revenue by fiscal year
FY2020$373K
FY2021$369K
FY2022$507K
FY2023$439K
FY2024$332K
FY2025$362K
Expenses
$349K
FY2023▲ +2%
Expenses by fiscal year
FY2020$302K
FY2021$312K
FY2022$344K
FY2023$349K
FY2024$361K
FY2025$340K
Net assets
$630K
FY2023▲ +17%
Net assets by fiscal year
FY2020$321K
FY2021$377K
FY2022$540K
FY2023$630K
FY2024$602K
FY2025$624K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CEcho Ministry
EINHdr · item D56-2125976
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 1999
Year of formationHdr · item L1999
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CElkin, NC
NTEE classificationIRS BMFReligion (X20)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.28
Program services72%$250K
Management & general28%$99K
Total functional expensesLn 25$349K

Financial health

Is it on solid ground?

Program efficiency
72%
of spending reaches programs
Operating runway
9.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$868K
FY2023▲ +11%
Total assets by fiscal year
FY2020$563K
FY2021$619K
FY2022$782K
FY2023$868K
FY2024$840K
FY2025$847K
Total liabilities
$238K
FY2023▼ -2%
Total liabilities by fiscal year
FY2020$242K
FY2021$242K
FY2022$242K
FY2023$238K
FY2024$238K
FY2025$223K
Revenue less expensesPt I · Ln 19$90K
Total assetsPt X · Ln 16$868K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Balance Sheet

Part X · end of year
CashLn 1$246K
Total assetsLn 16$868K
Total liabilitiesLn 26$238K
Total net assetsLn 32$630K
Months of cash on handcomputed8.4

Statement of Revenue

Part VIII
Contributions & grants101%$443K
Investment income$3
— government grantsLn 1e$226K
Total revenueLn 12$439K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $246K · Operating expenses (Pt IX) $349K · Less non-cash grants $30K · Cash operating expenses/yr $320K
9.2 months
Where the money goes
Program services
Program services $250K · Total expenses $349K
72%
Management & General
Management & general $99K · Total expenses $349K
28%
Fundraising
Fundraising $0 · Total expenses $349K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $220K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $443K · Total revenue $439K
101%
Government reliance
Government grants $226K · Total revenue $439K
51%
Earned-income share
Program service revenue $0 · Total revenue $439K
0%
Investment reliance
Investment income $3 · Total revenue $439K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $349K
0%
Growth & trend
Revenue growth (YoY)
This year $439K · Prior year $507K
-13%
Net-asset trend (YoY)
End of year $630K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $439K · Expenses $349K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $868K
—
Net-asset ratio
Net assets $630K · Total assets $868K
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $868K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Laurenn E Singleton · Reported title EXECUTOR DIRECTOR · Highest reported compensation $47K · Total expenses $349K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $216K · Total expenses $349K
62%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%——
Overhead ratio 28%——
Fundraising cost ratio 0%——
Revenue growth -13%——
Accounting fee ratio 0.8%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executor Director
$47,000Pt VII · Sec A
Grant Director
$40,500Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Laurenn E Singleton’s $48K as Executor Director is at the 48th percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Laurenn E Singleton$47,723$47,000$45,320——
Laurenn E Singleton———$44,400$45,329
Cynthia a Cothren$41,123$40,500$39,140——
Cynthia a Cothren———$38,400$38,179

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Echo Ministry executive salaries →

Are you one of these people? Claim this org to confirm your role

Governance & Policies

Part VI
  • 12Voting board membersPt VI · Ln 1a
  • 12Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Operates a homeless shelter, providing housing and support services to approximately 82 people annually.

Provided by the organization

This section is blank until Echo Ministry claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

1 program service account for $250K of program spending, described in the organization's own filed words · FY2023.
01

Operation of a homeless shelter. Approximately 90 persons were served during 2021.

$250Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$11K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $362K$340K+9% 990 PDF
FY2024 $332K$361K-24% 990 PDF
FY2023 Viewing $439K$349K-13% 990 PDF
FY2022 $507K$344K+38% 990 PDF
FY2021 $369K$312K-1% 990 PDF
FY2020 $373K$302K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Echo Ministry →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.