Mosaic Center for Spiritual Formation

Analysis

Mosaic Center for Spiritual Formation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Center for Spiritual Formation reported income of $179k and spending of $165k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $144k to $179k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mosaic Center for Spiritual Formation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include St Isidore Historical Plaza Inc ($179k), I-Kuan Tao USA ($179k) and Van Duc Tu ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.