Mosaic Steel Orchestra

Analysis

Mosaic Steel Orchestra is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Mosaic Steel Orchestra reported income of $223k and spending of $193k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $125k to $223k (+78%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mosaic Steel Orchestra sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Lehigh Valley Justice Institute ($223k), Dallas Chamber Music Society Inc ($223k) and Outcry Theatre Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $71k (37% of expenses). Other salaries and wages came to $39k. At year end it held assets of $112k against liabilities of $66k, net assets of $46k. It reported 4 employees.