Virginia Beach Mustangs Association Inc

Analysis

Virginia Beach Mustangs Association Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in October 2024, 2 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 (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, Virginia Beach Mustangs Association Inc reported income of $74k and spending of $96k, spending 130% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $140k to $74k (-47%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 275%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virginia Beach Mustangs Association 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 29th percentile, and in the 28th percentile within VA. Charities of a similar size with the same main cause include Midnight Suns Fastpitch Softball Association ($74k), West County Club of Greater St Inc ($74k) and Junior Football League of Central Richwoods JFL ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.