Momentum Alumnae Program Inc

Analysis

Momentum Alumnae Program Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Momentum Alumnae Program Inc reported income of $1.0m and spending of $984k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $535k to $1.0m (+94%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 100%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Momentum Alumnae Program Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within AL. Charities of a similar size with the same main cause include Elizabeth Ives School for Special Children Inc ($1.0m), International Society for Quality Life Research ($1.0m) and Civil Air Patrol Foundation Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $120k (12% of expenses). Other salaries and wages came to $295k. At year end it held assets of $536k against liabilities of $244k, net assets of $292k. It reported 6 employees.