Mosaic Housing Corp Xiv - Rockford

Analysis

Mosaic Housing Corp Xiv - Rockford is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 2007, 19 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 Housing Corp Xiv - Rockford reported income of $77k and spending of $128k, spending 166% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $70k to $77k (+11%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 160% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mosaic Housing Corp Xiv - Rockford sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NE. Charities of a similar size with the same main cause include Willard & Alpha Wiegrefe Foundation ($77k), Opportunity Partners Inc ($77k) and Specialized Housing I Incorporated ($77k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. At year end it held assets of $893k against liabilities of $401k, net assets of $492k.

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.