Mosaic Housing Corp Xvii - Beatrice

Analysis

Mosaic Housing Corp Xvii - Beatrice is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in July 2008, 18 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 (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 Xvii - Beatrice reported income of $108k and spending of $113k, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $65k to $108k (+66%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 148% 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 Xvii - Beatrice sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NE. Charities of a similar size with the same main cause include Terry Village Inc ($108k), Nassau Senior Housing Development Fund Company Inc ($108k) and Chestnut Manor Inc ($108k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 37% of the total. At year end it held assets of $1.0m against liabilities of $65k, net assets of $978k.

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.