Reminger Foundation Company

Analysis

Reminger Foundation Company is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Reminger Foundation Company reported income of $264k and spending of $106k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $264k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Reminger Foundation Company sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Bridgeport Public Education Fund Inc ($264k), Ann and Gary Dickinson Family Charitable Foundation ($264k) and United Way of the Titusville Region ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.