Mustang Club

Analysis

Mustang Club is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Mustang Club reported income of $634k and spending of $555k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $302k to $634k (+110%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 119%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Mustang Club sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Leaf Project Inc ($634k), KL Training Solutions ($635k) and Oak Hills Athletic Booster Club Inc ($633k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $178k against liabilities of $0, net assets of $178k.