Mustique Charitable Foundation

Analysis

Mustique Charitable Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Mustique Charitable Foundation reported income of $488k and spending of $857k, spending 176% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $488k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 198%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mustique Charitable Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Fund for the Virginia Organizing Project Inc ($488k), Congressional Football Game for Charity Inc ($489k) and Third Ladder ($488k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.