Mom Your Business

Analysis

Mom Your Business is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Mom Your Business reported income of $335k and spending of $216k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $208k to $335k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mom Your Business sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Common Ground Inc ($335k), Heart of Brevard ($335k) and Wyoming County Business Assistance Corporation ($335k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $44k (20% of expenses). At year end it held assets of $262k against liabilities of $52k, net assets of $210k. It reported 1 employees.