Mosaic Development Inc

Analysis

Mosaic Development Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in September 2019, 7 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 December 2022, Mosaic Development Inc reported income of $113k and spending of $116k, spending 103% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $153k to $113k (-27%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mosaic Development Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within GA. Charities of a similar size with the same main cause include Aiken County Residential Services Inc ($112k), Neighborhood Development Corporation ($113k) and Prayer and City Transformation Consulting ($112k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,603 against liabilities of $0, net assets of $5,603.