Dallas Mustangs

Analysis

Dallas Mustangs is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 2022, 4 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 August 2023, Dallas Mustangs reported income of $733k and spending of $775k, spending 106% of what it took in. Across the 6 years on record, from August 2018 to August 2023, income grew from $698k to $733k (+4.9%), an average of +1.0% a year. The sharpest change came in the year to August 2021, when income rose by 28%. 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, Dallas Mustangs sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Pitcch in Foundation Inc ($732k), Lightning High School Hockey League Inc ($733k) and Tahoe Cross-Country Ski Education Association Inc ($732k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $7,350 (0.9% of expenses). Other salaries and wages came to $351k. At year end it held assets of $172k against liabilities of $14k, net assets of $158k. It reported 19 employees.