Mustang Bon Foundation

Analysis

Mustang Bon Foundation is a registered charity in United States, based in Natick, MA. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Bon Foundation reported income of $244k and spending of $235k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $755k to $244k (-68%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 138% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mustang Bon Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Nations Arise ($244k), Fishers of Men Outreach Total Man Ministries ($244k) and Chaya-Israel Foundation Inc ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $400k against liabilities of $0, net assets of $400k.