Momentum Agencies

Analysis

Momentum Agencies is a registered charity in United States, based in Chatsworth, CA. It received its IRS tax-exemption ruling in December 1945, 81 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 Agencies reported income of $49.9m and spending of $47.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $39.7m to $49.9m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Momentum Agencies sits at the 93rd percentile: it is larger than about 93% 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 Whitman-Walker Clinic Inc ($49.9m), Southwest Colorado Mental Health Center Inc ($49.9m) and Eastern Shore Rural Health System Incorporated ($49.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.6m (3.5% of expenses). Other salaries and wages came to $27.3m. At year end it held assets of $45.4m against liabilities of $29.7m, net assets of $15.6m. It reported 592 employees.