Mustang Wrestling Foundation

Analysis

Mustang Wrestling Foundation is a registered charity in United States, based in San Luis Obispo, CA. It received its IRS tax-exemption ruling in May 2019, 7 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 2024, Mustang Wrestling Foundation reported income of $152k and spending of $163k, spending 107% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $183k to $152k (-17%), an average of -6.0% a year. The sharpest change came in the year to June 2023, when income dropped by 55%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mustang Wrestling Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Orange Youth Football Association ($152k), Argyle Athletic Assoc Inc ($152k) and Berlin-Ellsworth Athletic Boosters Inc ($152k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 33% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.