Mosaic Housing Corp VII

Analysis

Mosaic Housing Corp VII is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in June 2003, 23 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 VII reported income of $95k and spending of $118k, spending 125% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $83k to $95k (+15%), an average of +4.8% a year. Over the whole period it spent 124% 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 VII sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NE. Charities of a similar size with the same main cause include Long Island Home Builders Care Inc ($95k), Habitat for Humanity International Inc ($95k) and John Davis Manor Inc ($95k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. At year end it held assets of $481k against liabilities of $13k, net assets of $469k.

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.