The Mosaic Foundation

Analysis

The Mosaic Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Mosaic Foundation reported income of $8.9m and spending of $5.7m, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.8m to $8.9m (+52%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 80%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Mosaic Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NE. Charities of a similar size with the same main cause include Handi-Crafters Inc ($8.9m), Riverwoods Group ($8.9m) and Ogden-Weber Community Action Partnership Inc ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $62.5m against liabilities of $2.7m, net assets of $59.7m.