Mosaic Community Development

Analysis

Mosaic Community Development is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Community Development reported income of $1.6m and spending of $750k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $516k to $1.6m (+206%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 223%. Over the whole period it spent 39% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mosaic Community Development sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NE. Charities of a similar size with the same main cause include East Cooper Home Store Inc ($1.6m), Samoa Pacific Development Corporation ($1.6m) and Community Alternatives Management Group Incorporated ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $160k (21% of expenses). Other salaries and wages came to $229k. At year end it held assets of $6.4m against liabilities of $1.0m, net assets of $5.4m. It reported 17 employees.