Remnant Publications Inc

Analysis

Remnant Publications Inc is a registered charity in United States, based in Coldwater, MI. It received its IRS tax-exemption ruling in January 1989, 37 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Remnant Publications Inc reported income of $7.0m and spending of $6.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $7.0m (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 87% 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 Publications Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Friends of NC State Museum of Natural Sciences ($7.0m), Chinese Culture Foundation of San Francisco ($7.0m) and Dreamyard Project Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $160k (2.4% of expenses). Other salaries and wages came to $402k. At year end it held assets of $13.4m against liabilities of $2.1m, net assets of $11.3m. It reported 18 employees.