Momco Global Inc

Analysis

Momco Global Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2023, Momco Global Inc reported income of $3.9m and spending of $4.1m, spending 104% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $4.8m to $3.9m (-19%), an average of -5.0% a year. The sharpest change came in the year to March 2021, when income dropped by 24%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Momco Global Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Gateway Community Partners Inc ($3.9m), The Green Chair Project Inc ($3.9m) and Building Blocks for Community Enrichment ($3.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 33% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $285k (7.0% of expenses). Other salaries and wages came to $1.5m. It paid $85k in professional fundraising fees. At year end it held assets of $4.7m against liabilities of $1.7m, net assets of $3.0m. It reported 43 employees.