Momentum Dance Company

Analysis

Momentum Dance Company is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 1982, 44 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, Momentum Dance Company reported income of $65k and spending of $62k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $65k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Momentum Dance Company sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include Project Increase ($65k), Little League Baseball Inc ($65k) and Hope4veterans Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $8,627 against liabilities of $0, net assets of $8,627.