Epic Foundation Inc

Analysis

Epic Foundation Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in March 2022, 4 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 December 2023, Epic Foundation Inc reported income of $729k and spending of $523k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $729k (+559%), an average of +560% a year. The sharpest change came in the year to December 2023, when income rose by 559%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Epic Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within AZ. Charities of a similar size with the same main cause include Parks Foundation of Highland Park ($729k), Downtown Boulder Community Initiatives ($729k) and Quality of Life Foundation for Metropolitan Dallas ($729k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $15k in professional fundraising fees. At year end it held assets of $250k against liabilities of $272, net assets of $250k.