Epoch Times Association Inc

Analysis

Epoch Times Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2022, Epoch Times Association Inc reported income of $128.0m and spending of $127.6m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $15.5m to $128.0m (+727%), an average of +102% a year. The sharpest change came in the year to December 2020, when income rose by 356%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Epoch Times Association Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Colonial Williamsburg Foundation ($125.8m), Carnegie Institution of Washington ($129.1m) and Urban Institute ($124.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $111k (0.1% of expenses). Other salaries and wages came to $3.9m. It paid $138k in professional fundraising fees. At year end it held assets of $36.7m against liabilities of $36.2m, net assets of $519k. It reported 119 employees.