Momentum Park

Analysis

Momentum Park is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Momentum Park reported income of $471k and spending of $312k, leaving 34% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $470k to $471k (+0.2%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income rose by 548%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Momentum Park sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Project Echelon Ltd ($470k), Twin Falls Health Initiatives Trustltd ($471k) and Aaron B Lackey Ministries ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $243k (78% of expenses). Other salaries and wages came to $16k. At year end it held assets of $213k against liabilities of $82k, net assets of $131k. It reported 3 employees.