Epic Foundation Inc

Analysis

Epic Foundation Inc is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 Foundation Inc reported income of $294k and spending of $78k, leaving 73% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $329k to $294k (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 29% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Epic Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include Graham Hospital Foundation ($293k), Southwest Alabama Foundation for Mental Health Mental Retardation ($294k) and Houses with Hope Inc ($293k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% of the total. Other salaries and wages came to $32k. At year end it held assets of $1.1m against liabilities of $5,396, net assets of $1.1m.