Remnant Ministries International Inc

Analysis

Remnant Ministries International Inc is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Ministries International Inc reported income of $230k and spending of $265k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $491k to $230k (-53%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Remnant Ministries International Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Gurdwara Gurshabad Prakash Corporation ($230k), Reaching Mankind for Christ Ministries ($230k) and Home of Grace Ministry Inc ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $164k (62% of expenses). At year end it held assets of $34k against liabilities of $4,702, net assets of $30k. It reported 2 employees.