Tkmomentum Inc

Analysis

Tkmomentum Inc is a registered charity in United States, based in Auburn, CA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Tkmomentum Inc reported income of $2.2m and spending of $2.1m, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $332k to $2.2m (+550%), an average of +87% a year. The sharpest change came in the year to December 2023, when income rose by 171%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tkmomentum Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Loaves and Fishes Ministries of Fremont County ($2.2m), First Baptist Day School Inc ($2.2m) and Illinois Valley YMCA ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $100k (4.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $359k against liabilities of $210k, net assets of $149k. It reported 298 employees.