Mosaic Education Initiative

Analysis

Mosaic Education Initiative is a registered charity in United States, based in South Pasadena, CA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Education Initiative reported income of $412k and spending of $293k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $412k (+324%), an average of +324% a year. The sharpest change came in the year to December 2023, when income rose by 324%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mosaic Education Initiative sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Bridgton Public Library ($412k), Foundation for Accountability and Civic Trust ($412k) and Marble City Daycare Andkindergarten Inc ($412k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $158k against liabilities of $2,502, net assets of $156k.