The Momentum Group

Analysis

The Momentum Group is a registered charity in United States, based in Meridian, ID. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, The Momentum Group reported income of $315k and spending of $344k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $487k to $315k (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Momentum Group sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within ID. Charities of a similar size with the same main cause include Arch Bishop Fulton John Sheen Foundation ($315k), Mentoring Timothy Inc ($315k) and Catholic Association of Latino Leaders Inc ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $136k (39% of expenses). Other salaries and wages came to $96k. At year end it held assets of $119k against liabilities of $47k, net assets of $72k. It reported 26 employees.