Momentum Education

Analysis

Momentum Education is a registered charity in United States, based in Bellaire, TX. It received its IRS tax-exemption ruling in January 2020, 6 years ago. 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 June 2024, Momentum Education reported income of $535k and spending of $308k, leaving 42% of income unspent that year. Across the 4 years on record, from July 2021 to June 2024, income grew from $325k to $535k (+65%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Momentum Education sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include St Charles County Law Enforcement Training Center ($535k), Childrens Advocacy Center of Pine Bluff ($535k) and Helping Hand Day Nursery Inc ($535k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $70k (23% of expenses). Other salaries and wages came to $119k. At year end it held assets of $1.2m against liabilities of $1,797, net assets of $1.2m. It reported 5 employees.