Mustang Quarterback Club Inc

Analysis

Mustang Quarterback Club Inc is a registered charity in United States, based in Merritt Is, FL. It received its IRS tax-exemption ruling in November 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mustang Quarterback Club Inc reported income of $96k and spending of $110k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $85k to $96k (+12%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mustang Quarterback Club Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Columbia Community Foundation ($96k), Huskie Booster Club of Oak Park & River Forest High School ($96k) and LHMC Alumni Association of North Americia ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 0.0% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.

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.