Mosaic Theater Company of DC

Analysis

Mosaic Theater Company of DC is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2015, 11 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 June 2023, Mosaic Theater Company of DC reported income of $2.9m and spending of $3.2m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $2.9m (-7.2%), an average of -1.8% a year. The sharpest change came in the year to June 2021, when income dropped by 41%. Over the whole period it spent 87% 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 Theater Company of DC 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 89th percentile, and in the 72nd percentile within DC. Charities of a similar size with the same main cause include Fort Worth Opera Association Inc ($2.9m), Italian American Museum ($2.9m) and Richmond Performing Arts Alliance ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $231k (7.2% of expenses). Other salaries and wages came to $916k. At year end it held assets of $2.3m against liabilities of $263k, net assets of $2.0m. It reported 16 employees.