Momentum Foundation Inc

Analysis

Momentum Foundation Inc is a registered charity in United States, based in Winchester, TN. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover science and technology, 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, Momentum Foundation Inc reported income of $420k and spending of $138k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $202k to $420k (+108%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 500%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Momentum Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Rising Youth Theatre ($420k), Local Motion Project ($420k) and Cyranos Theatre Company ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $485k against liabilities of $29k, net assets of $456k.