Remmsco Inc

Analysis

Remmsco Inc is a registered charity in United States, based in Reidsville, NC. It received its IRS tax-exemption ruling in August 1983, 43 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2024, Remmsco Inc reported income of $388k and spending of $332k, spending 86% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $317k to $388k (+22%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Remmsco Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Yankton Rural Area Health Education Center ($388k), Horses with Hope ($388k) and Leukemiatexas Inc ($388k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $56k (17% of expenses). Other salaries and wages came to $136k. At year end it held assets of $331k against liabilities of $646, net assets of $330k. It reported 13 employees.