Mosaic Housing Corp I

Analysis

Mosaic Housing Corp I is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in September 1991, 35 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 I reported income of $91k and spending of $81k, spending 89% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $65k to $91k (+41%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 117% 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 I 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 34th percentile, and in the 32nd percentile within NE. Charities of a similar size with the same main cause include Leeway Scattered Site Housing Inc ($91k), Family Shelter of the Bitterroot Inc ($91k) and Mountainview Homes for Elderly Inc ($91k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. At year end it held assets of $134k against liabilities of $287k, net assets of -$153k.