The Chicago Mosaic School
The Chicago Mosaic School maintains stable operations with significant asset growth and corresponding liabilities in recent years.
EIN: 203070470 · Chicago, IL · NTEE: A25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $628K |
| Total Expenses | $600K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $627,975. |
| Net Assets | $193K |
| Transparency Score | 85/100 |
Is The Chicago Mosaic School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Chicago Mosaic School directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Chicago Mosaic School
The Chicago Mosaic School (EIN: 203070470) is a nonprofit organization based in Chicago, IL, classified under NTEE code A25. The organization reported total revenue of $628K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Chicago Mosaic School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Chicago Mosaic School is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $589K |
| Total Expenses | $600K |
| Surplus / Deficit | $-11,222 |
| Total Assets | $2.8M |
| Total Liabilities | $2.6M |
| Net Assets | $193K |
| Operating Margin | -1.9% |
| Debt-to-Asset Ratio | 93.1% |
| Months of Reserves | 55.7 months |
Financial Health Grade: C
In 2023, The Chicago Mosaic School reported a deficit of $11K with expenses exceeding revenue, holds 55.7 months of operating reserves (strong position), has a debt-to-asset ratio of 93.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Chicago Mosaic School's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.0% | +12.4% | -4.9% |
| 2022 | +23.7% | +17.6% | +583.7% |
| 2021 | +45.3% | +10.7% | +2.0% |
| 2020 | -36.0% | -20.5% | +3.8% |
| 2019 | -25.0% | +23.4% | -12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Chicago Mosaic School with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Chicago Mosaic School allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 93.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for a nonprofit of its size with latest revenue of $627,975.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Chicago Mosaic School's IRS 990 filings:
- Consistent small operational deficits in recent years (e.g., 2023, 2022, 2021) could lead to long-term financial strain if not addressed.
- High liabilities relative to assets ($2,593,363 liabilities vs. $2,786,346 assets in 2023) indicate significant debt, which requires careful management.
Strengths
The following positive indicators were identified for The Chicago Mosaic School:
- Strong program focus, as implied by typical nonprofit spending benchmarks and the nature of the organization.
- Excellent transparency with 13 years of consistent IRS 990 filings.
- Highly efficient executive compensation with 0% reported officer compensation across all filings.
- Significant asset growth, indicating successful capital development or investment in its mission infrastructure.
Frequently Asked Questions about The Chicago Mosaic School
Is The Chicago Mosaic School a legitimate charity?
The Chicago Mosaic School (EIN: 203070470) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $628K. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does The Chicago Mosaic School spend its money?
The Chicago Mosaic School directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Chicago Mosaic School tax-deductible?
The Chicago Mosaic School is registered as a tax-exempt nonprofit (EIN: 203070470). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Chicago Mosaic School CEO make?
The Chicago Mosaic School's highest-compensated officer earns $627,975. annually. The organization reported $628K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Chicago Mosaic School's spending goes to programs?
The Chicago Mosaic School directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Chicago Mosaic School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Chicago Mosaic School is above average for NTEE category A25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Chicago Mosaic School located?
The Chicago Mosaic School is headquartered in Chicago, Illinois and files with the IRS under EIN 203070470. It is classified under NTEE code A25.
How many years of IRS 990 filings does The Chicago Mosaic School have?
The Chicago Mosaic School has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $628K in total revenue.
What caused the significant increase in assets and liabilities between 2021 and 2022?
Between 2021 and 2022, assets increased from $428,728 to $2,931,218, and liabilities rose from $216,179 to $2,727,013. This substantial change likely indicates a major capital investment, such as the acquisition of property or a significant building project, possibly financed through debt.
Is the organization financially sustainable given recent operational deficits?
In 2023, expenses ($600,062) slightly exceeded revenue ($588,840), and similar small deficits were observed in 2022 and 2021. While these are minor, consistent deficits could erode reserves over time. However, the substantial asset base of $2,786,346 in 2023 provides a buffer.
How does the 0% officer compensation impact the organization's operations?
The consistent reporting of 0% officer compensation suggests that the organization either relies heavily on volunteer leadership or compensates its executives through other means not categorized as 'officer compensation' on the 990. This practice can significantly reduce administrative overhead, allowing more funds to be directed towards programs.
Filing History
IRS 990 filing history for The Chicago Mosaic School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Chicago Mosaic School's revenue has grown by 146.7%, moving from $239K to $589K. Total assets increased by 2895.7% over the same period, from $93K to $2.8M. Total functional expenses rose by 202.1%, from $199K to $600K. In its most recent filing year (2023), The Chicago Mosaic School reported a deficit of $11K, with expenses exceeding revenue. The organization holds $2.6M in liabilities against $2.8M in assets (debt-to-asset ratio: 93.1%), resulting in net assets of $193K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $589K | $600K | $2.8M | $2.6M | — | — |
| 2022 | $526K | $534K | $2.9M | $2.7M | — | View 990 |
| 2021 | $425K | $454K | $429K | $216K | — | View 990 |
| 2020 | $292K | $410K | $420K | $66K | — | View 990 |
| 2019 | $457K | $516K | $405K | $80K | — | View 990 |
| 2018 | $609K | $418K | $462K | $78K | — | View 990 |
| 2017 | $456K | $408K | $125K | $82K | — | View 990 |
| 2016 | $396K | $421K | $125K | $131K | — | View 990 |
| 2015 | $369K | $388K | $91K | $72K | — | View 990 |
| 2014 | $294K | $347K | $121K | $82K | — | View 990 |
| 2013 | $299K | $278K | $122K | $30K | — | View 990 |
| 2012 | $300K | $293K | $88K | $24K | — | View 990 |
| 2011 | $239K | $199K | $93K | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $589K, expenses of $600K, and assets of $2.8M (revenue +12.0% year-over-year).
- 2022: Revenue of $526K, expenses of $534K, and assets of $2.9M (revenue +23.7% year-over-year).
- 2021: Revenue of $425K, expenses of $454K, and assets of $429K (revenue +45.3% year-over-year).
- 2020: Revenue of $292K, expenses of $410K, and assets of $420K (revenue -36.0% year-over-year).
- 2019: Revenue of $457K, expenses of $516K, and assets of $405K (revenue -25.0% year-over-year).
- 2018: Revenue of $609K, expenses of $418K, and assets of $462K (revenue +33.5% year-over-year).
- 2017: Revenue of $456K, expenses of $408K, and assets of $125K (revenue +15.2% year-over-year).
- 2016: Revenue of $396K, expenses of $421K, and assets of $125K (revenue +7.5% year-over-year).
- 2015: Revenue of $369K, expenses of $388K, and assets of $91K (revenue +25.3% year-over-year).
- 2014: Revenue of $294K, expenses of $347K, and assets of $121K (revenue -1.6% year-over-year).
- 2013: Revenue of $299K, expenses of $278K, and assets of $122K (revenue -0.3% year-over-year).
- 2012: Revenue of $300K, expenses of $293K, and assets of $88K (revenue +25.6% year-over-year).
- 2011: Revenue of $239K, expenses of $199K, and assets of $93K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Chicago Mosaic School:
Data Sources and Methodology
This transparency report for The Chicago Mosaic School 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.