Momentum Unlimited Inc

Analysis

Momentum Unlimited Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Momentum Unlimited Inc reported income of $13.4m and spending of $15.0m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.0m to $13.4m (-4.8%), an average of -1.2% a year. The sharpest change came in the year to December 2022, when income rose by 157%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Momentum Unlimited Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Warrior Notes ($13.3m), Reaching Unreached Nations Inc ($13.4m) and Chabad on Campus International Inc ($13.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $981k (6.5% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $12.4m against liabilities of $4.5m, net assets of $8.0m. It reported 70 employees.