Mustangs Forever Inc

Analysis

Mustangs Forever Inc is a registered charity in United States, based in Kerrville, TX. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Mustangs Forever Inc reported income of $201k and spending of $389k, spending 193% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income fell from $346k to $201k (-42%), an average of -13% a year. The sharpest change came in the year to November 2020, when income rose by 289%. Over the whole period it spent 80% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Mustangs Forever Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Companion Animal Clinic of the Sandhills Foundation ($201k), Minnesota North East Regionchapters of Delta Waterfowl Foundat ($201k) and Horse Protection Society of North Carolina ($201k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $149k. At year end it held assets of $2.3m against liabilities of $3,417, net assets of $2.3m. It reported 2 employees.