Remnant University

Analysis

Remnant University is a registered charity in United States, based in Whittier, CA. It received its IRS tax-exemption ruling in March 2004, 22 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, Remnant University reported income of $358k and spending of $4.8m, spending 1329% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $358k (-79%), an average of -32% a year. The sharpest change came in the year to December 2021, when income dropped by 77%. Over the whole period it spent 123% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Remnant University 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 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Fitzmaurice Institute Inc ($358k), Kids Under Construction Preschool Inc ($358k) and Friends of the Glendora Library ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $106k. At year end it held assets of $11k against liabilities of $200, net assets of $10k. It reported 3 employees.