Remnant Trust Inc

Analysis

Remnant Trust Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Trust Inc reported income of $427k and spending of $427k, spending 100% of its income. Across the 6 years on record, from August 2019 to December 2023, income grew from $268k to $427k (+59%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income rose by 222%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Remnant Trust Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include National Society of Colonial Dames of America in Commonwealth of Ky ($427k), Chamber Music Tulsa Inc ($427k) and Arts Alive Inc ($427k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $92k. It paid $8,097 in professional fundraising fees. At year end it held assets of $24.9m against liabilities of $14k, net assets of $24.9m. It reported 2 employees.