Epicpromise Employee Foundation

Analysis

Epicpromise Employee Foundation is a registered charity in United States, based in Broomfield, CO. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 October 2022, Epicpromise Employee Foundation reported income of $1.4m and spending of $1.9m, spending 131% of what it took in. Across the 4 years on record, from October 2019 to October 2022, income grew from $1.2m to $1.4m (+18%), an average of +5.7% a year. The sharpest change came in the year to October 2020, when income rose by 112%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Epicpromise Employee Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CO. Charities of a similar size with the same main cause include Allpeoplebehappy ($1.4m), West Marin Community Services ($1.4m) and United Way of Comal County ($1.4m).

On its Form 990 for the period ending October 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $105k. At year end it held assets of $1.8m against liabilities of $235k, net assets of $1.5m.