Remnant Ministry

Analysis

Remnant Ministry is a registered charity in United States, based in Annandale, VA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Remnant Ministry reported income of $667k and spending of $665k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $855k to $667k (-22%), an average of -4.8% a year. The sharpest change came in the year to December 2023, when income rose by 350%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Remnant Ministry sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include South Mountain Baptist Camp ($667k), Ministerio Cristiano Faro de Luz ($667k) and PMHT Inc ($667k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Other salaries and wages came to $32k. At year end it held assets of $2.0m against liabilities of $456k, net assets of $1.6m. It reported 2 employees.