Quick charity verification for Mosaic & Terrazzo Welfare Fund (EIN: 135676828)
Verdict: Mosaic & Terrazzo Welfare Fund appears trustworthy
75/100Mission Score
$9.3MRevenue
$5.4MAssets
2Red Flags
3Strengths
Red Flags
Consistent operating deficits in recent years (e.g., $1,008,719 deficit in 2023)
Significant decline in total assets over the past decade (from $9.5M in 2014 to $5.4M in 2023)
Strengths
Zero officer compensation reported across all filings, indicating high efficiency at the executive level.
Consistent and long-term IRS 990 filing history, demonstrating strong transparency.
Manageable liabilities relative to assets, suggesting responsible debt management.
Spending Breakdown
How Mosaic & Terrazzo Welfare Fund allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Mosaic & Terrazzo Welfare Fund
Is Mosaic & Terrazzo Welfare Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Mosaic & Terrazzo Welfare Fund (EIN: 135676828) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Mosaic & Terrazzo Welfare Fund a good charity to donate to?
Mosaic & Terrazzo Welfare Fund has a Mission Score of 75/100. Revenue: $9.3M. Assets: $5.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mosaic & Terrazzo Welfare Fund?
The Employer Identification Number (EIN) for Mosaic & Terrazzo Welfare Fund is 135676828. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Mosaic & Terrazzo Welfare Fund spend its money?
Mosaic & Terrazzo Welfare Fund allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mosaic & Terrazzo Welfare Fund's tax-exempt status?
You can verify Mosaic & Terrazzo Welfare Fund's tax-exempt status using EIN 135676828 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Mosaic & Terrazzo Welfare Fund appears to be a well-established organization with a consistent history of operations, as evidenced by 13 IRS 990 filings. The organization's financial health shows some fluctuations, with recent years (2021-2023) indicating expenses exceeding revenue, leading to a decrease in assets from a high of $9,498,046 in 2014 to $5,406,911 in 2023. For example, in 2023, revenue was $8,059,008 while expenses were $9,067,727, resulting in a deficit. This trend suggests the organization is drawing down on its reserves to cover operational costs.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent reporting of 0% officer compensation across all available filings is a strong indicator of efficient use of funds at the executive level and excellent transparency in this area. The organization's liabilities have remained relatively stable and manageable compared to its assets, suggesting responsible financial management despite the recent operating deficits.
Transparency is high concerning executive compensation, with no reported officer compensation. The consistent filing of IRS 990s over a long period also demonstrates a commitment to public disclosure. However, the NTEE code being 'Unknown' could slightly hinder a clear understanding of its specific mission and comparative analysis within its sector. Further detail on the allocation of the $9,067,727 in expenses for 2023 would enhance the assessment of its spending efficiency.