Momentum-Excellence Inc

Analysis

Momentum-Excellence Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Momentum-Excellence Inc reported income of $751k and spending of $688k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $851k to $751k (-12%), an average of -4.1% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Momentum-Excellence Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Friends of John Jay Homestead ($751k), Mono No Aware Inc ($751k) and Artist Series Concerts of Sarasota Inc ($751k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $60k (8.8% of expenses). Other salaries and wages came to $396k. At year end it held assets of $1.3m against liabilities of $59k, net assets of $1.2m. It reported 20 employees.