Mosaic Church Of Cary
EIN: 271699946 · Cary, NC
| Metric | Value |
|---|---|
| Total Expenses | $411K |
| Net Assets | $96K |
Is Mosaic Church Of Cary Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mosaic Church Of Cary
Mosaic Church Of Cary (EIN: 271699946) is a nonprofit organization based in Cary, NC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mosaic Church Of Cary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mosaic Church Of Cary is a small nonprofit, with 7 years of IRS 990 filings on record (2010–2016). Revenue has grown at a compound annual rate of 14.2%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $363K |
| Total Expenses | $411K |
| Surplus / Deficit | $-48,173 |
| Total Assets | $96K |
| Net Assets | $96K |
| Operating Margin | -13.3% |
| Months of Reserves | 2.8 months |
Financial Health Grade: C
In 2016, Mosaic Church Of Cary reported a deficit of $48K with expenses exceeding revenue, holds 2.8 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2010–2016), Mosaic Church Of Cary's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -7.1% | +3.4% | -34.7% |
| 2015 | -1.9% | +10.9% | -4.2% |
| 2014 | +19.0% | +10.4% | +36.5% |
| 2013 | +20.1% | +15.9% | +10.0% |
| 2012 | -37.1% | -4.0% | -1.5% |
AI Analysis Pending
AI enrichment for Mosaic Church Of Cary has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mosaic Church Of Cary with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $48K, with expenses exceeding revenue.
Frequently Asked Questions about Mosaic Church Of Cary
Is Mosaic Church Of Cary a legitimate charity?
Mosaic Church Of Cary (EIN: 271699946) is a registered tax-exempt nonprofit based in North Carolina. It has 7 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Mosaic Church Of Cary spend its money?
Mosaic Church Of Cary reported its financials in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mosaic Church Of Cary tax-deductible?
Mosaic Church Of Cary is registered as a tax-exempt nonprofit (EIN: 271699946). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mosaic Church Of Cary located?
Mosaic Church Of Cary is headquartered in Cary, North Carolina and files with the IRS under EIN 271699946.
How many years of IRS 990 filings does Mosaic Church Of Cary have?
Mosaic Church Of Cary has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Mosaic Church Of Cary showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2010–2016), Mosaic Church Of Cary's revenue has grown by 122.2%, moving from $163K to $363K. Total assets decreased by 10.9% over the same period, from $108K to $96K. Total functional expenses rose by 94.9%, from $211K to $411K. In its most recent filing year (2016), Mosaic Church Of Cary reported a deficit of $48K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $363K | $411K | $96K | $0 | — | View 990 |
| 2015 | $391K | $398K | $147K | $3K | — | View 990 |
| 2014 | $398K | $358K | $153K | $2K | — | View 990 |
| 2013 | $335K | $325K | $112K | $1K | — | View 990 |
| 2012 | $279K | $280K | $102K | $2K | — | View 990 |
| 2011 | $443K | $292K | $104K | $3K | — | View 990 |
| 2010 | $163K | $211K | $108K | $155K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $363K, expenses of $411K, and assets of $96K (revenue -7.1% year-over-year).
- 2015: Revenue of $391K, expenses of $398K, and assets of $147K (revenue -1.9% year-over-year).
- 2014: Revenue of $398K, expenses of $358K, and assets of $153K (revenue +19.0% year-over-year).
- 2013: Revenue of $335K, expenses of $325K, and assets of $112K (revenue +20.1% year-over-year).
- 2012: Revenue of $279K, expenses of $280K, and assets of $102K (revenue -37.1% year-over-year).
- 2011: Revenue of $443K, expenses of $292K, and assets of $104K (revenue +171.1% year-over-year).
- 2010: Revenue of $163K, expenses of $211K, and assets of $108K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mosaic Church Of Cary:
Data Sources and Methodology
This transparency report for Mosaic Church Of Cary is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.