Epiphany School
Epiphany School maintains stable finances with declining liabilities and no reported officer compensation.
EIN: 204329797 · New Bern, NC · NTEE: B25 · Updated: 2026-03-28
Is Epiphany School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Epiphany School directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Epiphany School
Epiphany School (EIN: 204329797) is a nonprofit organization based in New Bern, NC, classified under NTEE code B25. The organization reported total revenue of $7.5M and total assets of $15.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Epiphany School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Epiphany School is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.4M |
| Total Expenses | $6.2M |
| Surplus / Deficit | +$245K |
| Total Assets | $15.4M |
| Total Liabilities | $3.1M |
| Net Assets | $12.3M |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 20.2% |
| Months of Reserves | 29.8 months |
Financial Health Grade: A
In 2023, Epiphany School reported a surplus of $245K with revenue exceeding expenses, holds 29.8 months of operating reserves (strong position), has a debt-to-asset ratio of 20.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Epiphany School's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.5% | +11.3% | -6.8% |
| 2022 | -3.5% | +5.3% | -2.0% |
| 2021 | +10.0% | +0.1% | -0.7% |
| 2020 | -6.8% | +3.6% | +3.0% |
| 2019 | -4.8% | +0.3% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2008 |
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 Epiphany School with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Epiphany School allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $245K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.2%.
Executive Compensation Analysis
Epiphany School consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with annual revenues exceeding $5 million. This suggests either a fully volunteer leadership, or that executive compensation is categorized differently within their financial statements, requiring further clarification for a complete understanding of executive pay practices.
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 Epiphany School's IRS 990 filings:
- 0% officer compensation reported, which is unusual for an organization of this size and warrants further inquiry into how leadership is compensated.
Strengths
The following positive indicators were identified for Epiphany School:
- Consistent revenue generation, with revenues generally exceeding expenses (e.g., $6,439,141 revenue vs. $6,193,942 expenses in 2023).
- Significant reduction in liabilities over the past decade, from $8,534,968 in 2014 to $3,099,261 in 2023, indicating improved financial health.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency and compliance.
- Stable asset base, despite a slight decline, indicating prudent financial management.
Frequently Asked Questions about Epiphany School
Is Epiphany School a legitimate charity?
Based on AI analysis of IRS 990 filings, Epiphany School (EIN: 204329797) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Epiphany School spend its money?
Epiphany School directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Epiphany School tax-deductible?
Epiphany School is registered as a tax-exempt nonprofit (EIN: 204329797). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Epiphany School a good charity?
Based on the available IRS 990 data, Epiphany School appears to be a financially stable organization with consistent revenue generation and a strong track record of reducing liabilities. The lack of reported officer compensation is a unique aspect that could be viewed positively for resource allocation, assuming leadership is adequately compensated through other means or is truly volunteer-based. Its consistent filing history also points to good governance.
How does Epiphany School manage its executive compensation?
The IRS 990 filings consistently show 0% officer compensation. This is highly unusual for an organization with annual revenues exceeding $5 million and suggests that either the leadership is entirely volunteer, or compensation is reported under other expense categories, which would require further investigation to understand fully.
What is the trend in Epiphany School's assets and liabilities?
Epiphany School's assets have seen a gradual decline from a peak of $18,496,284 in 2014 to $15,359,660 in 2023. Concurrently, liabilities have significantly decreased from $8,534,968 in 2014 to $3,099,261 in 2023, indicating a strengthening of the organization's net asset position and reduced financial risk.
Filing History
IRS 990 filing history for Epiphany School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Epiphany School's revenue has grown by 188.7%, moving from $2.2M to $6.4M. Total assets increased by 245% over the same period, from $4.5M to $15.4M. Total functional expenses rose by 232.3%, from $1.9M to $6.2M. In its most recent filing year (2023), Epiphany School reported a surplus of $245K, with revenue exceeding expenses. The organization holds $3.1M in liabilities against $15.4M in assets (debt-to-asset ratio: 20.2%), resulting in net assets of $12.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.4M | $6.2M | $15.4M | $3.1M | — | View 990 |
| 2022 | $5.4M | $5.6M | $16.5M | $4.1M | — | View 990 |
| 2021 | $5.6M | $5.3M | $16.8M | $4.3M | — | — |
| 2020 | $5.1M | $5.3M | $16.9M | $4.7M | — | View 990 |
| 2019 | $5.4M | $5.1M | $16.4M | $4.0M | — | View 990 |
| 2018 | $5.7M | $5.1M | $16.6M | $4.5M | — | View 990 |
| 2017 | $5.6M | $5.0M | $16.8M | $5.4M | — | View 990 |
| 2016 | $5.4M | $4.8M | $17.2M | $6.3M | — | View 990 |
| 2015 | $5.3M | $4.9M | $17.7M | $7.3M | — | View 990 |
| 2014 | $6.5M | $4.6M | $18.5M | $8.5M | — | View 990 |
| 2013 | $3.6M | $3.6M | $17.4M | $9.4M | — | View 990 |
| 2012 | $8.2M | $2.4M | $14.4M | $6.4M | — | View 990 |
| 2011 | $2.2M | $1.9M | $4.5M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.4M, expenses of $6.2M, and assets of $15.4M (revenue +19.5% year-over-year).
- 2022: Revenue of $5.4M, expenses of $5.6M, and assets of $16.5M (revenue -3.5% year-over-year).
- 2021: Revenue of $5.6M, expenses of $5.3M, and assets of $16.8M (revenue +10.0% year-over-year).
- 2020: Revenue of $5.1M, expenses of $5.3M, and assets of $16.9M (revenue -6.8% year-over-year).
- 2019: Revenue of $5.4M, expenses of $5.1M, and assets of $16.4M (revenue -4.8% year-over-year).
- 2018: Revenue of $5.7M, expenses of $5.1M, and assets of $16.6M (revenue +2.5% year-over-year).
- 2017: Revenue of $5.6M, expenses of $5.0M, and assets of $16.8M (revenue +3.8% year-over-year).
- 2016: Revenue of $5.4M, expenses of $4.8M, and assets of $17.2M (revenue +0.8% year-over-year).
- 2015: Revenue of $5.3M, expenses of $4.9M, and assets of $17.7M (revenue -17.8% year-over-year).
- 2014: Revenue of $6.5M, expenses of $4.6M, and assets of $18.5M (revenue +78.2% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.6M, and assets of $17.4M (revenue -55.6% year-over-year).
- 2012: Revenue of $8.2M, expenses of $2.4M, and assets of $14.4M (revenue +268.2% year-over-year).
- 2011: Revenue of $2.2M, expenses of $1.9M, and assets of $4.5M.
Data Sources and Methodology
This transparency report for Epiphany School 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.