Mosaics Of Mercy Inc
EIN: 822349260 · Magnolia, TX · NTEE: F50
Is Mosaics Of Mercy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mosaics Of Mercy Inc
Mosaics Of Mercy Inc (EIN: 822349260) is a nonprofit organization based in Magnolia, TX, classified under NTEE code F50. The organization reported total revenue of $1.1M and total assets of $668K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mosaics Of Mercy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Mosaics Of Mercy Inc 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 Mosaics Of Mercy Inc 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.
Frequently Asked Questions about Mosaics Of Mercy Inc
Is Mosaics Of Mercy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mosaics Of Mercy Inc (EIN: 822349260) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mosaics Of Mercy Inc spend its money?
Detailed spending breakdown data is not yet available for Mosaics Of Mercy Inc. Check back for updated IRS 990 analysis.
Are donations to Mosaics Of Mercy Inc tax-deductible?
Mosaics Of Mercy Inc is registered as a tax-exempt nonprofit (EIN: 822349260). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Mosaics Of Mercy Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Mosaics Of Mercy Inc's revenue has grown by 883.4%, moving from $86K to $847K. Total assets increased by 1269.8% over the same period, from $43K to $587K. Total functional expenses rose by 1155.9%, from $59K to $740K. In its most recent filing year (2023), Mosaics Of Mercy Inc reported a surplus of $106K, with revenue exceeding expenses. The organization holds $136K in liabilities against $587K in assets (debt-to-asset ratio: 23.3%), resulting in net assets of $450K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $847K | $740K | $587K | $136K | — | — |
| 2022 | $810K | $545K | $382K | $20K | — | View 990 |
| 2021 | $189K | $166K | $185K | $89K | — | View 990 |
| 2020 | $148K | $129K | $75K | $2K | — | View 990 |
| 2019 | $146K | $133K | $55K | $765 | — | View 990 |
| 2018 | $86K | $59K | $43K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $847K, expenses of $740K, and assets of $587K (revenue +4.5% year-over-year).
- 2022: Revenue of $810K, expenses of $545K, and assets of $382K (revenue +328.5% year-over-year).
- 2021: Revenue of $189K, expenses of $166K, and assets of $185K (revenue +27.9% year-over-year).
- 2020: Revenue of $148K, expenses of $129K, and assets of $75K (revenue +1.0% year-over-year).
- 2019: Revenue of $146K, expenses of $133K, and assets of $55K (revenue +70.0% year-over-year).
- 2018: Revenue of $86K, expenses of $59K, and assets of $43K.
Data Sources and Methodology
This transparency report for Mosaics Of Mercy Inc 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.