Epic Enterprises Incorporated

Analysis

Epic Enterprises Incorporated is a registered charity in United States, based in Dundas, MN. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Epic Enterprises Incorporated reported income of $2.6m and spending of $2.1m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $2.6m (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Epic Enterprises Incorporated sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Vassar-Warner Home ($2.5m), Kawabe Memorial House Foundation ($2.6m) and Serve Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $82k (4.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.5m against liabilities of $120k, net assets of $4.3m. It reported 86 employees.