Mustang Mockingbird Properties

Analysis

Mustang Mockingbird Properties is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Mustang Mockingbird Properties reported income of $165k and spending of $259k, spending 157% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $287k to $165k (-43%), an average of -13% a year. The sharpest change came in the year to May 2020, when income dropped by 42%. Over the whole period it spent 152% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mustang Mockingbird Properties sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Childrens Cottage ($165k), Academic Excellence Scholarships ($165k) and The@spark Inc ($165k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $9.2m against liabilities of $10.4m, net assets of -$1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.