Mustang Foundation Inc

Analysis

Mustang Foundation Inc is a registered charity in United States, based in Independence, IA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mustang Foundation Inc reported income of $81k and spending of $123k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $111k to $81k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2022, when income rose by 121%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mustang Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within IA. Charities of a similar size with the same main cause include Peace Lutheran Church and School Foundation Inc ($81k), Dewitt High School Panthers Football Touchdown Club ($81k) and Bay Head School Foundation ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 33% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.