Momentum

Analysis

Momentum is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 reported income of $124k and spending of $79k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $124k (+105%), an average of +105% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Momentum sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NE. Charities of a similar size with the same main cause include Pilger Community Development Fund ($124k), Friends of Downtown Demopolis ($124k) and Pregnancy Care Center of Cayuga County ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.