Mosaic Health Inc

Analysis

Mosaic Health Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover health care, 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 December 2023, Mosaic Health Inc reported income of $40.0m and spending of $39.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.0m to $40.0m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mosaic Health Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include A New Leaf Inc ($39.9m), AIDS Service Center of Lower Manhattan Inc ($40.0m) and Elder Services of Worcester Area Inc ($39.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $1.4m (3.5% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $22.3m against liabilities of $8.7m, net assets of $13.6m. It reported 186 employees.