Momentum Housing Inc

Analysis

Momentum Housing Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Momentum Housing Inc reported income of $335k and spending of $151k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $300 to $335k (+111519%), an average of +111519% a year. The sharpest change came in the year to December 2023, when income rose by 111519%. Over the whole period it spent 66% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Momentum Housing Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include H S C No 6 Housing Development Fund Company Inc ($335k), Diamond Sunrise Corp ($335k) and Team 9 Home Care ($335k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.