Cumac Echo Inc
Cumac Echo Inc: Strong Revenue Growth, but Transparency Lacking on Specific Spending
EIN: 222657737 · Paterson, NJ · NTEE: P50 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $8.3M |
| Total Expenses | $8.5M |
| Program Spending | 75% |
| Net Assets | $1.8M |
| Transparency Score | 85/100 |
Is Cumac Echo Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cumac Echo Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cumac Echo Inc
Cumac Echo Inc (EIN: 222657737) is a nonprofit organization based in Paterson, NJ, classified under NTEE code P50. The organization reported total revenue of $8.3M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cumac Echo Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cumac Echo Inc is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.2M |
| Total Expenses | $8.5M |
| Surplus / Deficit | $-362,304 |
| Total Assets | $2.7M |
| Total Liabilities | $908K |
| Net Assets | $1.8M |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 33.1% |
| Months of Reserves | 3.9 months |
Financial Health Grade: B
In 2023, Cumac Echo Inc reported a deficit of $362K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 33.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cumac Echo Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.1% | +31.7% | -18.4% |
| 2022 | +10.3% | +40.0% | +32.8% |
| 2021 | +10.5% | -4.0% | +57.8% |
| 2020 | +12.8% | +9.9% | +42.5% |
| 2019 | +3.3% | -0.4% | +21.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cumac Echo Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Cumac Echo Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $362K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.1%.
Executive Compensation Analysis
Executive compensation cannot be accurately assessed from the provided data, as the 'c0%' figure is ambiguous and does not provide specific salary information for key personnel.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cumac Echo Inc's IRS 990 filings:
- Lack of detailed spending breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess financial efficiency.
- The 'c0%' compensation figure is unclear and prevents a proper evaluation of executive compensation.
- Despite significant revenue growth, the organization's liabilities have also increased, from $182,457 in 2021 to $907,542 in 2023.
Strengths
The following positive indicators were identified for Cumac Echo Inc:
- Consistent revenue growth over the past several years, from $3.6M in 2016 to $8.3M in 2023.
- Assets have shown a positive trend, increasing from $779,695 in 2016 to $2,690,690 in 2023.
- The organization has maintained a positive net asset position throughout the provided period.
Frequently Asked Questions about Cumac Echo Inc
Is Cumac Echo Inc a legitimate charity?
Cumac Echo Inc (EIN: 222657737) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.3M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Cumac Echo Inc spend its money?
Cumac Echo Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Cumac Echo Inc tax-deductible?
Cumac Echo Inc is registered as a tax-exempt nonprofit (EIN: 222657737). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cumac Echo Inc's spending goes to programs?
Cumac Echo Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cumac Echo Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cumac Echo Inc is above average for NTEE category P50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cumac Echo Inc located?
Cumac Echo Inc is headquartered in Paterson, New Jersey and files with the IRS under EIN 222657737. It is classified under NTEE code P50.
How many years of IRS 990 filings does Cumac Echo Inc have?
Cumac Echo Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.3M in total revenue.
What does Cumac Echo Inc do?
Cumac Echo Inc is a nonprofit organization in the Human Services sector, located in Paterson, New Jersey. It is classified under NTEE code P50.
How much revenue does Cumac Echo Inc have?
Cumac Echo Inc reported total revenue of $8,315,362. Based on 13 IRS 990 filings on record.
What are Cumac Echo Inc's total assets?
Cumac Echo Inc holds total assets of $2,690,690 as reported in IRS 990 filings.
Where is Cumac Echo Inc located?
Cumac Echo Inc is based in Paterson, New Jersey.
What is Cumac Echo Inc's EIN?
Cumac Echo Inc's Employer Identification Number (EIN) is 222657737. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Cumac Echo Inc?
Cumac Echo Inc is classified under NTEE code P50 (Human Services).
Is Cumac Echo Inc a registered 501(c)(3)?
Yes, Cumac Echo Inc is recognized as a tax-exempt organization by the IRS. EIN: 222657737.
Does Cumac Echo Inc file IRS Form 990?
Yes, Cumac Echo Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Cumac Echo Inc's revenue in 2023?
In the 202312 filing period, Cumac Echo Inc reported total revenue of $8,170,586, total expenses of $8,532,890, and net assets of $2,740,648.
Is Cumac Echo Inc's revenue growing or declining?
Cumac Echo Inc's revenue is growing. Revenue went from $6,328,183 (202212) to $8,170,586 (202312), a +29.1% change. Based on 13 filings on record.
What is Cumac Echo Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Cumac Echo Inc covers tax period 202312. It shows revenue of $8,170,586, expenses of $8,532,890, total assets of $2,740,648, and liabilities of $907,542.
How much does Cumac Echo Inc spend on programs vs administration?
Based on IRS 990 analysis, Cumac Echo Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Cumac Echo Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Cumac Echo Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Cumac Echo Inc?
The following concerns were identified: Lack of detailed spending breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess financial efficiency.. The 'c0%' compensation figure is unclear and prevents a proper evaluation of executive compensation.. Despite significant revenue growth, the organization's liabilities have also increased, from $182,457 in 2021 to $907,542 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Cumac Echo Inc's strengths?
Positive indicators for Cumac Echo Inc include: Consistent revenue growth over the past several years, from $3.6M in 2016 to $8.3M in 2023.. Assets have shown a positive trend, increasing from $779,695 in 2016 to $2,690,690 in 2023.. The organization has maintained a positive net asset position throughout the provided period.. These findings are derived from AI analysis of the organization's financial filings.
How does Cumac Echo Inc compensate executives?
Executive compensation cannot be accurately assessed from the provided data, as the 'c0%' figure is ambiguous and does not provide specific salary information for key personnel. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue growth, what specific strategies has Cumac Echo Inc implemented to achieve this expansion, and how are these strategies reflected in their program delivery?
While the data shows strong revenue growth, the specific strategies driving this expansion are not detailed. Further investigation into their annual reports or program descriptions would be needed to understand how this growth translates into enhanced program delivery and impact.
How does Cumac Echo Inc manage its increasing liabilities, which have grown from $182,457 in 2021 to $907,542 in 2023, and what is the nature of these liabilities?
The provided data indicates a significant increase in liabilities. Without further information on the nature of these liabilities (e.g., program-related debt, operational expenses), it's difficult to assess the organization's financial risk management strategies. This trend warrants closer examination.
Filing History
IRS 990 filing history for Cumac Echo Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cumac Echo Inc's revenue has grown by 789.8%, moving from $918K to $8.2M. Total assets increased by 392.6% over the same period, from $556K to $2.7M. Total functional expenses rose by 865.2%, from $884K to $8.5M. In its most recent filing year (2023), Cumac Echo Inc reported a deficit of $362K, with expenses exceeding revenue. The organization holds $908K in liabilities against $2.7M in assets (debt-to-asset ratio: 33.1%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.2M | $8.5M | $2.7M | $908K | — | — |
| 2022 | $6.3M | $6.5M | $3.4M | $1.2M | — | View 990 |
| 2021 | $5.7M | $4.6M | $2.5M | $182K | — | View 990 |
| 2020 | $5.2M | $4.8M | $1.6M | $363K | — | View 990 |
| 2019 | $4.6M | $4.4M | $1.1M | $254K | — | View 990 |
| 2018 | $4.5M | $4.4M | $926K | $267K | — | View 990 |
| 2017 | $3.9M | $3.7M | $880K | $271K | — | View 990 |
| 2016 | $3.6M | $3.5M | $780K | $293K | — | View 990 |
| 2015 | $3.7M | $3.6M | $665K | $302K | — | View 990 |
| 2014 | $4.3M | $4.5M | $543K | $282K | — | View 990 |
| 2013 | $1.1M | $1.1M | $773K | $261K | — | View 990 |
| 2012 | $1.2M | $892K | $747K | $304K | — | View 990 |
| 2011 | $918K | $884K | $556K | $389K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.2M, expenses of $8.5M, and assets of $2.7M (revenue +29.1% year-over-year).
- 2022: Revenue of $6.3M, expenses of $6.5M, and assets of $3.4M (revenue +10.3% year-over-year).
- 2021: Revenue of $5.7M, expenses of $4.6M, and assets of $2.5M (revenue +10.5% year-over-year).
- 2020: Revenue of $5.2M, expenses of $4.8M, and assets of $1.6M (revenue +12.8% year-over-year).
- 2019: Revenue of $4.6M, expenses of $4.4M, and assets of $1.1M (revenue +3.3% year-over-year).
- 2018: Revenue of $4.5M, expenses of $4.4M, and assets of $926K (revenue +14.7% year-over-year).
- 2017: Revenue of $3.9M, expenses of $3.7M, and assets of $880K (revenue +7.4% year-over-year).
- 2016: Revenue of $3.6M, expenses of $3.5M, and assets of $780K (revenue -3.4% year-over-year).
- 2015: Revenue of $3.7M, expenses of $3.6M, and assets of $665K (revenue -12.8% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.5M, and assets of $543K (revenue +281.1% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $773K (revenue -3.5% year-over-year).
- 2012: Revenue of $1.2M, expenses of $892K, and assets of $747K (revenue +27.1% year-over-year).
- 2011: Revenue of $918K, expenses of $884K, and assets of $556K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cumac Echo Inc:
Data Sources and Methodology
This transparency report for Cumac Echo Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.