Eschaton Foundation

Analysis

Eschaton Foundation is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in July 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eschaton Foundation reported income of $15.4m and spending of $1.4m, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $519k to $15.4m (+2876%), an average of +134% a year. The sharpest change came in the year to December 2023, when income rose by 4129%. Over the whole period it spent 18% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eschaton Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Riverview Lutheran Retirement Community of Spokane ($15.4m), United States of America Rugby Football Union Ltd ($15.5m) and Community Multi Services Inc ($15.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $74k (5.3% of expenses). Other salaries and wages came to $46k. At year end it held assets of $17.0m against liabilities of $71k, net assets of $16.9m. It reported 3 employees.