Mosaic Place

Analysis

Mosaic Place is a registered charity in United States, based in Downingtown, PA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Place reported income of $321k and spending of $270k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $284k to $321k (+13%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mosaic Place sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Coastal Communities Consulting Inc ($321k), Institute for the Study of Human Knowledge ($321k) and Nourishing the Nations ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 6.3% of the total. Other salaries and wages came to $125k. It paid $84 in professional fundraising fees. At year end it held assets of $881k against liabilities of $601k, net assets of $279k. It reported 5 employees.