Building Mosaic Solutions Inc

Analysis

Building Mosaic Solutions Inc is a registered charity in United States, based in Pocomoke City, MD. It received its IRS tax-exemption ruling in January 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Building Mosaic Solutions Inc reported income of $193k and spending of $176k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $231k to $193k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Building Mosaic Solutions Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MD. Charities of a similar size with the same main cause include Kids Chance Incorporated of Illinois ($193k), Oak Tree Youth Resources ($193k) and United and Guided ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (54% of expenses). Other salaries and wages came to $3,338. At year end it held assets of $42k against liabilities of $0, net assets of $42k. It reported 2 employees.