Mosaic Community Services Inc

Analysis

Mosaic Community Services Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in October 1986, 40 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2023, Mosaic Community Services Inc reported income of $51.4m and spending of $49.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $44.7m to $51.4m (+15%), an average of +3.5% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mosaic Community Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Goodwill Industries of Middle Georgia Inc ($51.0m), Lexington Center Corporation ($51.7m) and People Incorporated ($50.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $25.3m. At year end it held assets of $43.6m against liabilities of $22.6m, net assets of $21.0m. It reported 784 employees.