Momentum Dance Ensemble

Analysis

Momentum Dance Ensemble is a registered charity in United States, based in Burien, WA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Dance Ensemble reported income of $703k and spending of $742k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $487k to $703k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 108% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Momentum Dance Ensemble sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within WA. Charities of a similar size with the same main cause include Communities in Schools of East Chicago Incorporated ($703k), Southern Word Inc ($703k) and Magic Minds Inc ($703k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $87k (12% of expenses). Other salaries and wages came to $192k. At year end it held assets of $95k against liabilities of $352k, net assets of -$257k. It reported 17 employees.