Momi Museum of Imagination and Innovation a NJ Nonprofit Corp

Analysis

Momi Museum of Imagination and Innovation a NJ Nonprofit Corp is a registered charity in United States, based in Basking Ridge, NJ. It received its IRS tax-exemption ruling in May 2019, 7 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 December 2023, Momi Museum of Imagination and Innovation a NJ Nonprofit Corp reported income of $94k and spending of $11k, leaving 88% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $94k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 17% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Momi Museum of Imagination and Innovation a NJ Nonprofit Corp sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include Mandarin Community Club Inc ($94k), George and Rebecca Barnes Foundation Inc ($94k) and Constantine Theater Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $178k against liabilities of $1,150, net assets of $177k.