Mosaic

Analysis

Mosaic is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Mosaic reported income of $352.6m and spending of $332.4m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $264.9m to $352.6m (+33%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mosaic sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NE. Charities of a similar size with the same main cause include Acacia Network Housing Inc ($333.4m), Metropolitan Boston Housing Partnership Inc ($359.4m) and Collegiate Housing Foundation ($249.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $6.1m (1.8% of expenses). Other salaries and wages came to $145.6m. At year end it held assets of $206.9m against liabilities of $69.4m, net assets of $137.4m. It reported 5,272 employees.