Mosaic Housing Corp XX - Garden City

Analysis

Mosaic Housing Corp XX - Garden City is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in June 2009, 17 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 XX - Garden City reported income of $64k and spending of $126k, spending 195% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $57k to $64k (+13%), an average of +4.0% a year. Over the whole period it spent 202% 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 XX - Garden City sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NE. Charities of a similar size with the same main cause include Groomes Family Home ($64k), Blues -N- BBQ for Better Housing Foundation ($64k) and Ocean Housing Development I Incorporated ($64k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. At year end it held assets of $1.1m against liabilities of $19k, 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.