Multi Cultural Mosiac Foundation

Analysis

Multi Cultural Mosiac Foundation is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Multi Cultural Mosiac Foundation reported income of $153k and spending of $194k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $900k to $153k (-83%), an average of -36% a year. The sharpest change came in the year to December 2023, when income rose by 210%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Multi Cultural Mosiac Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within CO. Charities of a similar size with the same main cause include Lexington Arts Council Inc ($153k), Waterworks Art Museum ($153k) and West Stockbridge Historical Society Inc ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.6% of the total. At year end it held assets of $881k against liabilities of $30k, net assets of $851k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.