Overview
What is Echo Inc?
Echo Inc, situated in Springfield, Virginia, is a dedicated nonprofit organization that aids individuals and families in need within its community. Established with a mission to assist those experiencing long-term poverty and emergency financial hardships, Echo Inc provides essential support through various means. These include financial assistance for bills, food, clothing, household items, school supplies, and holiday assistance. The organization demonstrated resilience during the pandemic, adapting its services and continuing to provide aid. In FY 2022, Echo Inc assisted 1,487 households, offering essential items such as food, clothing, and diapers. The organization's success in meeting the needs of its clients during challenging times is a testament to its mature operations, selfless volunteers, and generous donors.
Official website here: www.echo-inc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
Echo Inc has achieved a perfect score of 100%, indicating a strong commitment to accountability and financial transparency. This rating highlights the organization's effective governance, with a fully independent board and rigorous financial oversight measures in place. The charity excels in maintaining a low liabilities-to-assets ratio, showcasing its financial health and ability to utilize funds effectively.
The organization demonstrates a high program expense ratio of 98.13%, which means that nearly all resources are directed towards its programs rather than administrative costs. Additionally, Echo Inc has established comprehensive policies such as conflict of interest, whistleblower protections, and document retention, ensuring ethical practices and operational integrity.
While the organization has outstanding ratings across various metrics, the summary does not provide insights into areas for improvement or potential challenges. However, the overall positive feedback underscores Echo Inc's strong operational structure and dedication to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Echo Inc legitimate?
Echo Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Echo Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.echo-inc.org
What is the mission statement of Echo Inc?
Echo Inc's mission is centered around assisting individuals in need within the community, specifically those affected by long-term poverty and those experiencing an emergency financial crisis. The organization provides various forms of aid, including financial assistance, food, clothing, household items, and school supplies. During emergencies, Echo Inc also offers holiday assistance. Their operations, despite pandemic-related adaptations, have managed to assist numerous households and individuals, demonstrating the maturity of the organization, the selflessness of its volunteers, and the generosity of its donors.
Official website here: www.echo-inc.org
What is the revenue of Echo Inc?
Echo Inc's revenue in 2023 was $1,841,222.
Official website here: www.echo-inc.org
Who are the executives of Echo Inc and what are their salaries?
There 400 volunteers at Echo Inc.
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Official website here: www.echo-inc.org
Where can I find the form 990 for Echo Inc?
Echo Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.echo-inc.org
Learn more at the official website: www.echo-inc.org
Mission Statement of Echo Inc
Echo Inc, a community-focused organization, is dedicated to aiding individuals in need, particularly those affected by long-term poverty and those experiencing emergency financial hardships. The mission of Echo Inc is to provide essential assistance, such as financial aid, food, clothing, and school supplies, to help alleviate their struggles. The nonprofit also offers holiday assistance to bring joy and support during challenging times. Throughout the pandemic, Echo Inc adapted its services and continued to assist over 5,500 individuals and 1,487 households, demonstrating the resilience and commitment of its volunteers and donors.
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Impact
July, 2024
Echo Inc's impact is significant in assisting individuals and families in need within the Springfield, VA community. Through its various programs, Echo provides essential resources such as financial assistance, food, clothing, household items, school supplies, and holiday assistance to those experiencing long-term poverty or emergency financial needs. In fiscal year 2022, Echo served 1,487 households, totaling 5,526 individuals, with a range of supportive services.
Notably, Echo provided crucial aid to 416 households to cover essential bills like housing, utilities, and prescriptions. In collaboration with Fairfax County, Echo also offered assistance under the CARES Act and the Emergency Rental Assistance Program to 203 households. Additionally, clients received a substantial amount of food, clothing, household items, and school supplies, demonstrating the breadth of support Echo offers to its community members.
Furthermore, the organization extended its outreach to families with infants and young children, providing monthly supplies of disposable diapers. Through its tireless efforts, Echo showcases the resilience of its operations, the dedication of its volunteers, and the support of its donors who enable the organization to make a tangible impact on those in need.
This information is meant to be a general summary of Echo Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $416
- Gross Receipts: $1,841,222
Assets and Liabilities:
- Total Assets: $3,153,537
- Total Liabilities: $14,903
- Net Assets: $3,138,634
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Organization Details
Founding Year
1969
Principal Officer
Robert Vitter
Website
www.echo-inc.orgNTEE Category
Code: P600 - Human services
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