Remnant Church of Sarasota

Analysis

Remnant Church of Sarasota is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Remnant Church of Sarasota reported income of $487k and spending of $446k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $216k to $487k (+126%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 123%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Remnant Church of Sarasota sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Mision Evangelica Palabra Ungida ($487k), St Lukes Episcopal School Permanent Endowment Fund ($487k) and Last Reformation Inc ($487k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $87k. At year end it held assets of $643k against liabilities of $0, net assets of $643k.