Institute of Range & the American Mustang

Analysis

Institute of Range & the American Mustang is a registered charity in United States, based in Hot Springs, SD. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Institute of Range & the American Mustang reported income of $1.7m and spending of $2.3m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.7m (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Institute of Range & the American Mustang sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within SD. Charities of a similar size with the same main cause include Animal Care League ($1.7m), Friends of the Greenville Zoo Inc ($1.7m) and Humane Society of Fairfax County Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $51k (2.2% of expenses). Other salaries and wages came to $319k. At year end it held assets of $6.2m against liabilities of $3,906, net assets of $6.2m.