Momentum Tutoring

Analysis

Momentum Tutoring is a registered charity in United States, based in Santee, CA. It received its IRS tax-exemption ruling in February 2008, 18 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 August 2024, Momentum Tutoring reported income of $179k and spending of $361k, spending 201% of what it took in. Across the 5 years on record, from August 2020 to August 2024, income fell from $199k to $179k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to August 2022, when income rose by 75%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Momentum Tutoring sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Vjti International Alumni Association ($179k), Ross School Parent Teacher Organization ($179k) and Southside Virginia Education Center ($179k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $118k (33% of expenses). Other salaries and wages came to $131k. At year end it held assets of $41k against liabilities of $0, net assets of $41k. It reported 40 employees.