Momsbloom Inc

Analysis

Momsbloom Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Momsbloom Inc reported income of $493k and spending of $460k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $328k to $493k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 90% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Momsbloom Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Collective Climb ($493k), NYC Together Inc ($493k) and Childrens Advocacy Center for Child Abuse Assessment and Treatment ($492k).

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 $50k (11% of expenses). Other salaries and wages came to $286k. At year end it held assets of $156k against liabilities of $18k, net assets of $138k. It reported 9 employees.