Epworth by the Sea Inc

Analysis

Epworth by the Sea Inc is a registered charity in United States, based in St Simons Is, GA. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Epworth by the Sea Inc reported income of $11.9m and spending of $6.3m, leaving 47% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $7.4m to $11.9m (+60%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Epworth by the Sea Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Aish Global Inc ($11.8m), El Sembrador Ministries ($11.9m) and The Word for the World International ($11.6m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 22% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $383k (6.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $22.1m against liabilities of $3.3m, net assets of $18.8m. It reported 50 employees.