Momenta Inc

Analysis

Momenta Inc is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in November 1984, 42 years ago. 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, Momenta Inc reported income of $162k and spending of $185k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $204k to $162k (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Momenta Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Pop Warner Little Scholars Inc ($162k), Bakersfield North Rotary Foundation ($162k) and Marathi Kala Mandal ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $51k (27% of expenses). Other salaries and wages came to $5,457. At year end it held assets of $95k against liabilities of $1,500, net assets of $94k. It reported 2 employees.