Mosaic of Friends Inc

Analysis

Mosaic of Friends Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mosaic of Friends Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+15%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mosaic of Friends Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include George H Neal Memorial Home for the Aged ($1.3m), Acf Western USA Inc ($1.3m) and African Family Holistic Health Organization ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $472k. At year end it held assets of $900k against liabilities of $0, net assets of $900k. It reported 8 employees.