Epic Art Space Inc

Analysis

Epic Art Space Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2023, 3 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, Epic Art Space Inc reported income of $99k and spending of $93k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $99k (-3.9%), an average of -3.9% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Epic Art Space Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include Arizona Railway Museum ($99k), Crisis Care Line ($99k) and Little League Baseball Inc ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.