Momentum & Value for People of Color Inc

Analysis

Momentum & Value for People of Color Inc is a registered charity in United States, based in Kinnelon, NJ. It received its IRS tax-exemption ruling in August 2021, 5 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 December 2023, Momentum & Value for People of Color Inc reported income of $142k and spending of $155k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $149k to $142k (-4.5%), an average of -4.5% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Momentum & Value for People of Color Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Zoe Ministries Inc ($142k), Rock Fish Meadows Inc ($142k) and Little League Baseball Inc ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.