Mustang Rugby

Analysis

Mustang Rugby is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Mustang Rugby reported income of $120k and spending of $144k, spending 120% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $178k to $120k (-33%), an average of -33% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mustang Rugby sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include McKinney High School Hockey Club ($120k), Blythewood Baseball League ($120k) and Syracuse Challenger Baseball Inc ($120k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $4,491, net assets of $21k.