Remnant Radio

Analysis

Remnant Radio is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in February 1964, 62 years ago. 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 Radio reported income of $509k and spending of $439k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $149k to $509k (+242%), an average of +242% a year. The sharpest change came in the year to December 2023, when income rose by 242%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Remnant Radio sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within OK. Charities of a similar size with the same main cause include Brave Warrior Project ($509k), Childrens House Montessori School Inc ($509k) and New World Association of Emmigrants From Eastern Europe Inc ($509k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $178k (40% of expenses). Other salaries and wages came to $75k. At year end it held assets of $99k against liabilities of $6,204, net assets of $93k. It reported 5 employees.