Momentous Institute

Analysis

Momentous Institute is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 1932, 94 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Momentous Institute reported income of $16.5m and spending of $15.5m, spending 94% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $15.0m to $16.5m (+10.0%), an average of +2.4% a year. The sharpest change came in the year to October 2021, when income rose by 25%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Momentous Institute 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 97th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Girl Scouts of North East Ohio ($16.4m), Boys & Girls Clubs of Chicago Inc ($16.5m) and Girl Scouts of Western Ohio ($16.2m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 94% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $295k (1.9% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $14.0m against liabilities of $660k, net assets of $13.3m. It reported 136 employees.