Echo Resource Development Inc
EIN: 474757377 · Baltimore, MD · NTEE: S99
| Metric | Value |
|---|---|
| Total Revenue | $207K |
| Total Expenses | $99K |
| Net Assets | $98K |
Is Echo Resource Development Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Echo Resource Development Inc
Echo Resource Development Inc (EIN: 474757377) is a nonprofit organization based in Baltimore, MD, classified under NTEE code S99. The organization reported total revenue of $207K and total assets of $137K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Echo Resource Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Echo Resource Development Inc is a small nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -17.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $82K |
| Total Expenses | $99K |
| Surplus / Deficit | $-17,477 |
| Total Assets | $98K |
| Total Liabilities | $138 |
| Net Assets | $98K |
| Operating Margin | -21.3% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 11.9 months |
Financial Health Grade: B
In 2023, Echo Resource Development Inc reported a deficit of $17K with expenses exceeding revenue, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Echo Resource Development Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.4% | +22.1% | -24.7% |
| 2022 | +14.6% | -10.1% | -1.5% |
| 2021 | -54.7% | -32.9% | -26.5% |
| 2020 | +71.5% | -15.8% | +103.7% |
| 2019 | -46.4% | +2.0% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1500 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Echo Resource Development Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Echo Resource Development Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Echo Resource Development Inc
Is Echo Resource Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Echo Resource Development Inc (EIN: 474757377) insufficient data. 0 red flags identified, 0 strengths noted.
How does Echo Resource Development Inc spend its money?
Detailed spending breakdown data is not yet available for Echo Resource Development Inc. Check back for updated IRS 990 analysis.
Are donations to Echo Resource Development Inc tax-deductible?
Echo Resource Development Inc is registered as a tax-exempt nonprofit (EIN: 474757377). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Echo Resource Development Inc located?
Echo Resource Development Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 474757377. It is classified under NTEE code S99.
How many years of IRS 990 filings does Echo Resource Development Inc have?
Echo Resource Development Inc has 6 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 $207K in total revenue.
Filing History
IRS 990 filing history for Echo Resource Development Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Echo Resource Development Inc's revenue has declined by 60.6%, moving from $208K to $82K. Total assets increased by 11.5% over the same period, from $88K to $98K. Total functional expenses fell by 36.8%, from $157K to $99K. In its most recent filing year (2023), Echo Resource Development Inc reported a deficit of $17K, with expenses exceeding revenue. The organization holds $138 in liabilities against $98K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $98K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $82K | $99K | $98K | $138 | — | View 990 |
| 2022 | $99K | $81K | $131K | $15K | — | — |
| 2021 | $86K | $91K | $133K | $35K | — | — |
| 2020 | $191K | $135K | $180K | $78K | — | View 990 |
| 2019 | $111K | $160K | $89K | $43K | — | View 990 |
| 2018 | $208K | $157K | $88K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $82K, expenses of $99K, and assets of $98K (revenue -17.4% year-over-year).
- 2022: Revenue of $99K, expenses of $81K, and assets of $131K (revenue +14.6% year-over-year).
- 2021: Revenue of $86K, expenses of $91K, and assets of $133K (revenue -54.7% year-over-year).
- 2020: Revenue of $191K, expenses of $135K, and assets of $180K (revenue +71.5% year-over-year).
- 2019: Revenue of $111K, expenses of $160K, and assets of $89K (revenue -46.4% year-over-year).
- 2018: Revenue of $208K, expenses of $157K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Echo Resource Development Inc:
Data Sources and Methodology
This transparency report for Echo Resource Development 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.