Education
(B29)
IRS Verified
DX Registered
990 on File
EPIC ACADEMY
Financial strength (30%)
84/100
Reliability (20%)
50/100
Effectiveness (25%)
93/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Epic Academy’s mission is to inspire and equip every student to build a path to college and career success.
Financial Overview — FY 2023
$9.3M
Total Revenue
$7.9M
Total Expenses
$4.7M
Net Assets
94
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
75.2%
Fundraising Efficiency
421.7%
Operating Reserve
7.03x
Liability-to-Asset
14.2%
Revenue Diversification
54.9%
Executive Compensation
$212K
Compared with Peers
FY 2023
Compared with 11,226 similar organizations
(United States, Education, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
75.2% | 84.5% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
23.6% | 13.0% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.2% | 0.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
421.7% | 64.5% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
7.0 mo | 8.6 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
14.2% | 23.0% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
54.9% | 90.7% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
16.5% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-7.1% | 11.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
14.4% | 3.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $9.3M | $7.9M | $4.7M | 75.2% | 94 |
| 2022 | $8.0M | $8.5M | $3.3M | 78.7% | 95 |
| 2021 | $7.6M | $7.6M | N/A | — | 73 |
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