Mosaic Development Group Inc

Analysis

Mosaic Development Group Inc is a registered charity in United States, based in Davidson, NC. It received its IRS tax-exemption ruling in May 1969, 57 years ago. 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 Development Group Inc reported income of $2.6m and spending of $2.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $2.6m (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mosaic Development Group Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Southern Conservation Trust Inc ($2.6m), Lower Columbia Fish Enhancement ($2.6m) and Equest ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $157k (5.9% of expenses). Other salaries and wages came to $495k. At year end it held assets of $17.6m against liabilities of $8.1m, net assets of $9.5m. It reported 6 employees.