Mosaic Housing Corp Xvi Farmington

Analysis

Mosaic Housing Corp Xvi Farmington is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Mosaic Housing Corp Xvi Farmington reported income of $59k and spending of $101k, spending 172% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $55k to $59k (+7.0%), an average of +2.3% a year. Over the whole period it spent 176% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mosaic Housing Corp Xvi Farmington sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within NE. Charities of a similar size with the same main cause include Volunteer Ventures Ma Inc ($59k), A Giving Heart Project Inc ($59k) and Howard County Fairgrounds Foundation Inc ($59k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 62% of the total. At year end it held assets of $1.0m against liabilities of $13k, net assets of $1.0m.

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.