National Mustang Association Inc

Analysis

National Mustang Association Inc is a registered charity in United States, based in Cedar City, UT. It received its IRS tax-exemption ruling in July 1970, 56 years ago. 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, National Mustang Association Inc reported income of $80k and spending of $142k, spending 177% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $34k to $80k (+138%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 766%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Mustang Association Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within UT. Charities of a similar size with the same main cause include Friends of Fort Hunter Inc ($80k), The Dial Group Inc ($80k) and W a T C H Center Council Inc ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $16k (11% of expenses). Other salaries and wages came to $24k. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 2 employees.