Mosaic Center

Analysis

Mosaic Center is a registered charity in United States, based in Lufkin, TX. It received its IRS tax-exemption ruling in March 2005, 21 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 August 2023, Mosaic Center reported income of $279k and spending of $271k, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $241k to $279k (+16%), an average of +3.7% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mosaic Center sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Volunteers Serving the Need ($279k), Recovery Point Palatka Inc ($279k) and Beyond Survival ($279k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $156k. At year end it held assets of $996k against liabilities of $1,942, net assets of $994k. It reported 5 employees.