Mosaic Multicultural Foundation

Analysis

Mosaic Multicultural Foundation is a registered charity in United States, based in Vashon, WA. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Multicultural Foundation reported income of $402k and spending of $419k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $442k to $402k (-9.2%), an average of -2.4% a year. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mosaic Multicultural Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include Truartspeaks ($402k), Ayin Institute Inc ($402k) and Turkish American Arts Society of New York ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $97k (23% of expenses). Other salaries and wages came to $84k. At year end it held assets of $902k against liabilities of $11k, net assets of $891k. It reported 2 employees.