Non-profit

The Epoch Times

Website:

www.theepochtimes.com

Location:

New York, NY

Tax ID:

22-3848589

Tax-Exempt Status:

501(c)(3)

Budget (2021):

Revenue: $121,545,102
Expenses: $96,333,350
Assets: $35,086,092

Type:

Newspaper

Formation:

2002

CFO:

Bill Guan

CFO's Salary (2022):

$0 from The Epoch Times, $85,200 from New Tang Dynast 1

References

  1. The Epoch Times Association Inc, Return of Organization Exempt from Income Tax (Form 990), 2022, Part VII, Section A, Line 1a.
Budget (2022):

Total Revenue: $127,999,557
Total Expenses: $127,585,898
Total Assets: $36,747,516 1

References

  1. The Epoch Times Association Inc, Return of Organization Exempt from Income Tax (Form 990), 2022, Part I & II

Contact InfluenceWatch with suggested edits or tips for additional profiles.

The Epoch Times is a newspaper that was established in Atlanta, Georgia, in 2000 by Chinese-Americans affiliated with the Falun Gong religious movement. Originally published in the U.S. in the Chinese language, the Epoch Times has been a vocal opponent of the Chinese Communist Party (CCP), which has persecuted the Falun Gong in mainland China, and began publishing an English-language edition in 2003. The Epoch Times is now based in New York City. 1

News Coverage

The Epoch Times states that it is a nonpartisan organization with a “center” rating, has never endorsed a political candidate, and strives to live up to its motto of “truth, tradition, hope.” 2 However, the Epoch Times has been rated “lean right” and “right” by media-watchdog organizations like AllSides and Media Bias/Fact Check, respectively. 3 4 Other mainstream media outlets, like the New York Times, CNN, NBC, and the Associated Press (AP) have accused the Epoch Times of being “pro-Trump” and spreading conspiracy theories. 5

In a June 6, 2024, article, Li Hongzhi, the founding leader of the Falun Gong religious movement, wrote that its practitioners should refrain from participating in partisan politics, as the Democratic and Republican Parties are “worldly entities.” Hongzhi stated that practitioners of Falun Gong must have compassion towards all living things despite differing opinions and beliefs, especially when commenting on online media platforms, where the subject should be discussed, not the people involved. Hongzhi stated that practitioners should not make personal attacks on government figures, no matter how bad a person is perceived. 6

Funding

While the Epoch Times does not disclose its donors, tax filings confirm donations from the National Christian Charitable Foundation ($203,450 in 2022), 7 DonorsTrust ($80,900 in 2022),  8 and the Sonoma County Community Foundation ($15,000 in 2022). 9

Financial Controversy

In June 2024, Bill (Weidong) Guan, the chief financial officer of the Epoch Times, was arrested for his alleged involvement in a money-laundering scheme over several years, involving more than $67 million. The federal prosecutors in the case alleged that this scheme was the catalyst for a recent and rapid rise in revenue at the Epoch Times. 10  Shortly following Guan’s arrest, John (Zhong) Tang, the founder and CEO of the Epoch Times, announced his resignation. 11

In a June 5, 2024, article, Li Hongzhi, the founding leader of the Falun Gong religious movement, appeared to address the money-laundering scheme allegations. In the article, Hongzhi wrote that Falun Gong practitioners “not doing well” have caused trouble for the media company. Hongzhi stated that though they may have thought they were justified in their actions by generating funding to fight the Chinese Communist Party’s persecution of Falun Gong, practitioners must always act with integrity. 12

Board of Directors

Kirk (Xueke) Wang is a co-founder, secretary of the board, and senior vice president of subscription at the Epoch Times. 13

Dana Cheng is a co-founder, senior editor of China news, and member of the board at the Epoch Times. 14

John Zhong Tang is a co-founder and former chief executive officer of the Epoch Times. Tang resigned from the Epoch Times, New Tang Dynasty Television, and their subsidiaries on June 7, 2024. 15

References

  1. “About Us.” The Epoch times. Accessed June 16, 2024. https://www.theepochtimes.com/about-us.
  2. “About Us.” The Epoch times. Accessed June 16, 2024. https://www.theepochtimes.com/about-us.
  3. “The Epoch Times.” AllSides. Accessed June 16, 2024. https://www.allsides.com/news-source/epoch-times-media-bias.
  4. “The Epoch Times.” Media Bias/Fact Check.” Accessed June 16, 2024. https://mediabiasfactcheck.com/the-epoch-times/.
  5. Roose, Kevin. “How The Epoch Times Created a Giant Influence Machine.” The New York Times, October 24, 2020. Accessed June 16, 2024. https://www.nytimes.com/2020/10/24/technology/epoch-times-influence-falun-gong.html.
  6. Honghzi, Li. “Wake Up.” The Epoch Times, June 8, 2024. Accessed June 16, 2024. https://www.theepochtimes.com/falun-gong/wake-up-by-falun-gong-founder-mr-li-hongzhi-5665020?ea_src=frontpage&ea_med=lead-story-medium-0.
  7. National Christian Charitable Foundation, Return of Organization Exempt from Income Tax (Form 990), 2022, Schedule I, Part II.
  8. DonorsTrust, Return of Organization Exempt from Income Tax (Form 990), 2022, Schedule I, Part II.
  9. Sonoma County Community Foundation, Return of Organization Exempt from Income Tax (Form 990), 2022, Schedule I, Part II.
  10. “Epoch Times CFO is arrested and accused of role in $67M multinational money laundering scheme.” Associated Press, June 3, 2024. Accessed June 12, 2024. https://apnews.com/article/epoch-times-cfo-indictment-money-laundering-caad358778bb6b73e32e9f989f3b9665.
  11. “Joint Statement from the Board of the Epoch Times Association Inc and the Board of New Tang Dynasty Television.” The Epoch Times, June 7, 2024. Accessed June 12, 2024. https://www.theepochtimes.com/article/joint-statement-from-the-board-of-the-epoch-times-association-inc-and-the-board-of-new-tang-dynasty-television-5664861.
  12. Honghzi, Li. “The Ordeals Our Spiritual Discipline Faces.” The Epoch Times, June 5, 2024. Accessed June 12, 2024. https://www.theepochtimes.com/falun-gong/the-ordeals-our-spiritual-discipline-faces-by-falun-gong-founder-mr-li-hongzhi-5663316?ea_src=frontpage&ea_med=lead-story-medium-1/
  13. “Kirk Wang,” The Epoch Times. Accessed June 12, 2024. https://www.theepochtimes.com/page/in-our-own-words#kirk-wang.
  14. “Dana Cheng.” The Epoch Times. Accessed June 12, 2024. https://www.theepochtimes.com/page/in-our-own-words#dana-cheng
  15. “Joint Statement from the Board of the Epoch Times Association Inc and the Board of New Tang Dynasty Television.” The Epoch Times, June 7, 2024. Accessed June 12, 2024. https://www.theepochtimes.com/article/joint-statement-from-the-board-of-the-epoch-times-association-inc-and-the-board-of-new-tang-dynasty-television-5664861
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: July 1, 2002

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2021 Dec Form 990 $121,545,102 $96,333,350 $35,086,092 $5,003,594 Y $3,374,526 $118,075,707 $1,503 $120,000
    2020 Dec Form 990 $70,590,023 $57,702,660 $14,237,549 $9,366,803 Y $5,038,748 $65,304,953 $401 $42,500
    2019 Dec Form 990 $15,478,665 $13,612,214 $11,510,059 $9,411,297 Y $835,208 $14,623,857 $197 $39,500 PDF
    2018 Dec Form 990 $12,460,272 $12,525,897 $5,191,123 $4,499,030 N $1,348,311 $11,087,912 $373 $0 PDF
    2017 Dec Form 990 $8,143,806 $7,257,593 $2,899,267 $2,141,549 N $659,894 $7,413,877 $28 $0 PDF
    2016 Dec Form 990 $3,899,591 $3,445,884 $2,523,186 $2,651,681 N $492,776 $3,398,944 $8 $0 PDF
    2015 Dec Form 990 $3,137,919 $2,923,796 $1,105,616 $1,687,818 N $37,358 $3,100,561 $0 $0 PDF
    2014 Dec Form 990 $2,353,992 $2,404,947 $820,814 $1,617,139 N $110,363 $2,243,629 $0 $0 PDF
    2013 Dec Form 990 $2,057,784 $2,366,255 $545,496 $1,290,866 N $75,502 $1,989,335 $0 $0 PDF
    2012 Dec Form 990 $1,834,476 $2,068,721 $454,571 $891,470 N $175,509 $1,676,654 $0 $0 PDF
    2011 Dec Form 990 $1,713,178 $1,863,682 $383,537 $586,193 N $125,269 $1,600,335 $303 $0 PDF

    Additional Filings (PDFs)

    The Epoch Times


    New York, NY