Mustang Heritage Foundation

Analysis

Mustang Heritage Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 September 2023, Mustang Heritage Foundation reported income of $5.2m and spending of $4.8m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.8m to $5.2m (+37%), an average of +8.2% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Mustang Heritage Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include New England Regional Fishery Management Council ($5.2m), Low Cost Spay-Neuter Clinic Inc ($5.2m) and Humane Society for Hamilton County Inc ($5.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $88k (1.8% of expenses). Other salaries and wages came to $435k. At year end it held assets of $3.3m against liabilities of $187k, net assets of $3.1m. It reported 11 employees.