Mosaic Inter-Faith Ministries

Analysis

Mosaic Inter-Faith Ministries is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in June 2015, 11 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 Inter-Faith Ministries reported income of $184k and spending of $201k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $184k (+93%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mosaic Inter-Faith Ministries sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within UT. Charities of a similar size with the same main cause include Welcome Table ($184k), Power Paws Assistance Dogs Inc ($184k) and Manasota District Council St Vincent de Paul Sarasota Thrift ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $98k (49% of expenses). At year end it held assets of $22k against liabilities of $0, net assets of $22k. It reported 5 employees.