Taming Mustangs Inc

Analysis

Taming Mustangs Inc is a registered charity in United States, based in Opelika, AL. It received its IRS tax-exemption ruling in July 2018, 8 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, Taming Mustangs Inc reported income of $539k and spending of $550k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $517k to $539k (+4.2%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income rose by 396%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Taming Mustangs Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within AL. Charities of a similar size with the same main cause include Alpha and Omega Ministries Inc ($539k), Dallas Area Interfaith Action Fund ($540k) and Parish Collective ($539k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $96k (17% of expenses). At year end it held assets of $144k against liabilities of $12k, net assets of $132k. It reported 1 employees.