Epic Academy
Epic Academy shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 208674711 · Chicago, IL · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $7.9M |
| Program Spending | 90% |
| Net Assets | $4.7M |
| Transparency Score | 92/100 |
Is Epic Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Epic Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Epic Academy
Epic Academy (EIN: 208674711) is a nonprofit organization based in Chicago, IL, classified under NTEE code B29. The organization reported total revenue of $5.7M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Epic Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Epic Academy is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.3M |
| Total Expenses | $7.9M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $5.4M |
| Total Liabilities | $769K |
| Net Assets | $4.7M |
| Operating Margin | 14.4% |
| Debt-to-Asset Ratio | 14.2% |
| Months of Reserves | 8.2 months |
Financial Health Grade: A
In 2023, Epic Academy reported a surplus of $1.3M with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 14.2% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Epic Academy's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.5% | -7.1% | +26.6% |
| 2022 | +4.3% | +12.7% | -14.5% |
| 2021 | +11.0% | +15.1% | -6.1% |
| 2020 | -1.9% | +0.7% | +28.6% |
| 2019 | +5.3% | +10.9% | +11.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Epic Academy with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Epic Academy allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with annual revenues consistently in the multi-million dollar range, suggesting a strong commitment to mission-focused spending.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Epic Academy's IRS 990 filings:
- Expenses exceeded revenue in 2022 ($8,545,554 expenses vs. $7,963,887 revenue), indicating a temporary operating deficit.
Strengths
The following positive indicators were identified for Epic Academy:
- Consistent revenue growth over the past decade, from $5.3M in 2015 to $9.2M in 2023.
- Strong asset accumulation, with assets more than doubling from $2.6M in 2015 to $5.4M in 2023.
- Zero reported officer compensation across all 12 filings, indicating exceptional dedication to mission.
- Generally well-managed expenses, staying below revenue in most years.
- Consistent IRS 990 filing history, demonstrating good transparency.
Frequently Asked Questions about Epic Academy
Is Epic Academy a legitimate charity?
Epic Academy (EIN: 208674711) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $5.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Epic Academy spend its money?
Epic Academy directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Epic Academy tax-deductible?
Epic Academy is registered as a tax-exempt nonprofit (EIN: 208674711). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Epic Academy's spending goes to programs?
Epic Academy directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Epic Academy compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Epic Academy is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Epic Academy located?
Epic Academy is headquartered in Chicago, Illinois and files with the IRS under EIN 208674711. It is classified under NTEE code B29.
How many years of IRS 990 filings does Epic Academy have?
Epic Academy has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.7M in total revenue.
Is Epic Academy a good charity?
Based on the available financial data, Epic Academy appears to be a very good charity. It demonstrates consistent financial growth, strong asset accumulation, and a highly unusual commitment to directing funds to its mission by reporting 0% officer compensation across all filings.
How has Epic Academy's financial health changed over time?
Epic Academy has shown consistent financial growth, with revenue increasing from $5,302,453 in 2015 to $9,279,727 in 2023. Assets have also steadily grown from $2,668,630 in 2015 to $5,420,825 in 2023, indicating a healthy and expanding financial position.
What is the most notable financial aspect of Epic Academy?
The most notable financial aspect is the consistent reporting of 0% officer compensation across all 12 available IRS 990 filings. This is highly unusual for an organization of its size and suggests an exceptional dedication to program spending.
Filing History
IRS 990 filing history for Epic Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Epic Academy's revenue has grown by 126.8%, moving from $4.1M to $9.3M. Total assets increased by 186.5% over the same period, from $1.9M to $5.4M. Total functional expenses rose by 111.1%, from $3.8M to $7.9M. In its most recent filing year (2023), Epic Academy reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $769K in liabilities against $5.4M in assets (debt-to-asset ratio: 14.2%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.3M | $7.9M | $5.4M | $769K | — | — |
| 2022 | $8.0M | $8.5M | $4.3M | $967K | — | View 990 |
| 2021 | $7.6M | $7.6M | $5.0M | $1.1M | — | View 990 |
| 2020 | $6.9M | $6.6M | $5.3M | $1.5M | — | View 990 |
| 2019 | $7.0M | $6.5M | $4.1M | $587K | — | View 990 |
| 2018 | $6.7M | $5.9M | $3.7M | $619K | — | View 990 |
| 2017 | $5.9M | $5.7M | $3.1M | $733K | — | View 990 |
| 2016 | $5.4M | $5.3M | $2.8M | $762K | — | View 990 |
| 2015 | $5.3M | $5.4M | $2.7M | $677K | — | View 990 |
| 2014 | $5.5M | $5.5M | $3.0M | $927K | — | View 990 |
| 2013 | $5.4M | $5.0M | $3.0M | $924K | — | View 990 |
| 2012 | $4.1M | $3.8M | $1.9M | $493K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.3M, expenses of $7.9M, and assets of $5.4M (revenue +16.5% year-over-year).
- 2022: Revenue of $8.0M, expenses of $8.5M, and assets of $4.3M (revenue +4.3% year-over-year).
- 2021: Revenue of $7.6M, expenses of $7.6M, and assets of $5.0M (revenue +11.0% year-over-year).
- 2020: Revenue of $6.9M, expenses of $6.6M, and assets of $5.3M (revenue -1.9% year-over-year).
- 2019: Revenue of $7.0M, expenses of $6.5M, and assets of $4.1M (revenue +5.3% year-over-year).
- 2018: Revenue of $6.7M, expenses of $5.9M, and assets of $3.7M (revenue +12.4% year-over-year).
- 2017: Revenue of $5.9M, expenses of $5.7M, and assets of $3.1M (revenue +10.5% year-over-year).
- 2016: Revenue of $5.4M, expenses of $5.3M, and assets of $2.8M (revenue +1.1% year-over-year).
- 2015: Revenue of $5.3M, expenses of $5.4M, and assets of $2.7M (revenue -4.4% year-over-year).
- 2014: Revenue of $5.5M, expenses of $5.5M, and assets of $3.0M (revenue +2.9% year-over-year).
- 2013: Revenue of $5.4M, expenses of $5.0M, and assets of $3.0M (revenue +31.7% year-over-year).
- 2012: Revenue of $4.1M, expenses of $3.8M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Epic Academy:
Data Sources and Methodology
This transparency report for Epic Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.