Remington College

Analysis

Remington College is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Remington College reported income of $36.9m and spending of $52.2m, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $72.8m to $36.9m (-49%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Remington College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Browning School ($36.9m), Stephen Gaynor School ($36.9m) and Florida Agricultural & Mechanical Univ Foundation Inc ($36.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.7m (3.3% of expenses). Other salaries and wages came to $16.0m. At year end it held assets of $39.1m against liabilities of $53.2m, net assets of -$14.1m. It reported 427 employees.