Momentum for Health

Analysis

Momentum for Health is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 1962, 64 years ago. Its declared purposes cover mental health and crisis intervention, 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 June 2023, Momentum for Health reported income of $64.0m and spending of $69.2m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.2m to $64.0m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Momentum for Health sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Richland Memorial Hospital Inc ($64.0m), Home & Community Services Inc ($64.1m) and Northwell Health Stern Family Center for Rehabilitation ($64.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 11% of the total. Other salaries and wages came to $45.1m. At year end it held assets of $55.1m against liabilities of $30.1m, net assets of $25.0m. It reported 629 employees.