Tampa Mustangs Inc

Analysis

Tampa Mustangs Inc is a registered charity in United States, based in Lutz, FL. It received its IRS tax-exemption ruling in August 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tampa Mustangs Inc reported income of $257k and spending of $278k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $257k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tampa Mustangs Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include LFC Western Maryland Inc ($257k), Little League Baseball Inc ($257k) and One World Soccer of Texas ($257k).

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 $49k against liabilities of $0, net assets of $49k.