The Chicago Mosaic School

Analysis

The Chicago Mosaic School is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2007, 19 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Chicago Mosaic School reported income of $589k and spending of $600k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $457k to $589k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Chicago Mosaic School 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 73rd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Anderson County Arts Council ($589k), American Motorcycle Heritage Foundation ($589k) and Cultureall Inc ($589k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 68% of the total. Other salaries and wages came to $86k. At year end it held assets of $2.8m against liabilities of $2.6m, net assets of $193k. It reported 2 employees.

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.