Epigenetic Clock Development Corporation

Analysis

Epigenetic Clock Development Corporation is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Epigenetic Clock Development Corporation reported income of $2.9m and spending of $3.5m, spending 120% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $533k to $2.9m (+441%), an average of +76% a year. The sharpest change came in the year to December 2021, when income rose by 420%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Epigenetic Clock Development Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Piney Woods Regional Advisory Council ($2.9m), Pennsylvania Trauma Systems Foundation ($2.9m) and Community Health Care Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $240k (6.9% of expenses). Other salaries and wages came to $18k. At year end it held assets of $955k against liabilities of $946k, net assets of $8,796. It reported 6 employees.