Mosaic Vision Ministries Inc

Analysis

Mosaic Vision Ministries Inc is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Vision Ministries Inc reported income of $176k and spending of $207k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $381k to $176k (-54%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mosaic Vision Ministries Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Iglesia Evangelica El Cordero Inc ($176k), Assembly Care Ministries Inc ($176k) and Colegio Americano Luterano ($176k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $220k, net assets of -$208k.

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.