Mosaic - We Are Born to Learn

Analysis

Mosaic - We Are Born to Learn is a registered charity in United States, based in Newtown SQ, PA. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Mosaic - We Are Born to Learn reported income of $677k and spending of $660k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $385k to $677k (+76%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mosaic - We Are Born to Learn 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 74th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Blind & Visually Impaired Center of Monterey County Inc ($677k), Knapp Street Recovery ($677k) and Achc Facilities Inc ($677k).

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 $125k (19% of expenses). At year end it held assets of $820 against liabilities of $125k, net assets of -$124k.