Epic Academy

Analysis

Epic Academy is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Epic Academy reported income of $9.3m and spending of $7.9m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $9.3m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Epic Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Pacific East Quality Education ($9.3m), Association for Career and Techinical Education Inc ($9.3m) and Teaneck Community Charter School a New Jersey Nonprofit Corporation ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $212k (2.7% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $5.4m against liabilities of $769k, net assets of $4.7m. It reported 94 employees.