Overview
What is Echo Ministry?
Echo Ministry is a nonprofit organization situated in Elkin, North Carolina, dedicated to supporting individuals experiencing homelessness. Their primary endeavor involves managing a homeless shelter, providing assistance to around 70 individuals in 2020. Although the specifics of their schedule are not disclosed, their mission is clear in offering a sanctuary and resources for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Echo Ministry has received a solid rating of 80%, indicating a commendable level of accountability and finance management. This rating reflects the organization's strong performance in key metrics, particularly in governance and transparency, showcasing a fully independent board with 100% of its members from outside the organization. The charity's commitment to managing its assets responsibly is highlighted by the absence of material diversion of assets.
The financial health of Echo Ministry is also notable, with a liability to assets ratio of 27.39%, suggesting sound financial stability. The organization allocates a significant portion of its resources to programs, with program expenses comprising 71.06% of its total expenditures, which is a positive indicator of its commitment to fulfilling its mission.
While Echo Ministry demonstrates strong accountability and financial management, the rating is derived solely from the Accountability & Finance beacon, which means that the charity may benefit from a broader evaluation including other aspects such as impact and program effectiveness in future assessments. Overall, it stands out as a responsible organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Echo Ministry legitimate?
Echo Ministry is a legitimate nonprofit organization registered as a 501(c)(3) entity. Echo Ministry 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $115,725
For more financial information, click here
What is the mission statement of Echo Ministry?
Echo Ministry, an organization, is dedicated to serving individuals experiencing homelessness. Though the specific mission statement is not provided in the information, their activities suggest a focus on providing shelter and aid. In 2020, they served around 70 individuals, indicating their commitment to offering support and housing solutions to this vulnerable population. The details about their mission statement, such as any advocacy efforts or long-term goals, were not included in the provided data.
What is the revenue of Echo Ministry?
Echo Ministry's revenue in 2023 was $439,160.
Who are the executives of Echo Ministry and what are their salaries?
The average compensation at Echo Ministry during 2023 was $14,466. There are 8 employees at Echo Ministry.
Here are 15 key members and their salaries:
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Where can I find the form 990 for Echo Ministry?
Echo Ministry's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Echo Ministry
Echo Ministry, a non-profit organization, is devoted to supporting individuals experiencing homelessness. Their mission is evident in their activities, which primarily involve operating a homeless shelter. This shelter served around 70 individuals in the year 2020, providing them with a temporary refuge during their challenging times. The organization's work is centered around offering assistance and creating an environment of care and support for those in need.
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Impact
July, 2024
Echo Ministry's impact is significant in Elkin, NC, where they operate a homeless shelter and provide crucial services to those in need. In 2020 alone, they served approximately 70 individuals, offering shelter, support, and resources to help address homelessness in the community. Their dedication and efforts have made a tangible difference in the lives of many individuals who are experiencing homelessness.
This information is meant to be a general summary of Echo Ministry. 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: $3
- Gross Receipts: $442,762
Assets and Liabilities:
- Total Assets: $782,496
- Total Liabilities: $242,091
- Net Assets: $540,405
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Organization Details
Founding Year
1999
Principal Officer
Lora Evans
NTEE Category
Code: X20 - Religion related
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