Modern Motion a NJ Non-Profit Corporation

Analysis

Modern Motion a NJ Non-Profit Corporation is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in January 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Modern Motion a NJ Non-Profit Corporation reported income of $284k and spending of $271k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $198k to $284k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Modern Motion a NJ Non-Profit Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include New Hampshire Aviation Historical Society ($284k), Dancing Crane Inc ($284k) and Buena Vista Heritage ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $50k (19% of expenses). Other salaries and wages came to $89k. At year end it held assets of $15k against liabilities of $65k, net assets of -$51k.