Mosaic Housing Corp XII

Analysis

Mosaic Housing Corp XII is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mosaic Housing Corp XII reported income of $103k and spending of $130k, spending 126% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $68k to $103k (+53%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mosaic Housing Corp XII sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NE. Charities of a similar size with the same main cause include Northport Movin Out Inc ($103k), Le Vision Community Development Corporation ($103k) and Central Pennsylvania Development Corporation Inc ($103k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 40% of the total. At year end it held assets of $757k against liabilities of $81k, net assets of $677k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.