Mosaic Norristown

Analysis

Mosaic Norristown is a registered charity in United States, based in Norristown, PA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Norristown reported income of $69k and spending of $68k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $69k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Mosaic Norristown sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include 100 Black Men of Bradley County Inc ($69k), Pax River Raiders Youth Football League Inc ($69k) and Patricia Locke Foundation ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.