Remainders Creative Reuse Inc

Analysis

Remainders Creative Reuse Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in August 2016, 10 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, Remainders Creative Reuse Inc reported income of $842k and spending of $604k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $570k to $842k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Remainders Creative Reuse Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Friends of Yogi Inc ($842k), Arts Council of Brazos Valley ($842k) and Black Arts Mke Inc ($842k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $158k (26% of expenses). Other salaries and wages came to $84k. At year end it held assets of $530k against liabilities of $35k, net assets of $495k. It reported 12 employees.