Momentum Academy

Analysis

Momentum Academy is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Momentum Academy reported income of $17.8m and spending of $15.6m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.1m to $17.8m (+120%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Momentum Academy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include Twin Cities International Schools ($17.8m), Guilford County Partnership for Children Inc ($17.9m) and Koson Schools ($17.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $377k (2.4% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $4.2m against liabilities of $6,858, net assets of $4.2m. It reported 44 employees.