Alc Mosaic

Analysis

Alc Mosaic is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Alc Mosaic reported income of $654k and spending of $636k, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $346k to $654k (+89%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alc Mosaic sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include The Juniper School ($654k), Desoto County Education Foundation Inc ($654k) and Angels Club ($654k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% and program service revenue 51% of the total. Other salaries and wages came to $287k. At year end it held assets of $2.1m against liabilities of $1.7m, net assets of $330k. It reported 17 employees.