805 Mustangs

Analysis

805 Mustangs is a registered charity in United States, based in Arroyo Grande, CA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, 805 Mustangs reported income of $180k and spending of $178k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $118k to $180k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, 805 Mustangs sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Broaden Horizons ($180k), High Adventure Treks for Dads & Daughters ($180k) and Rubin for Kids Inc ($180k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $5,284 against liabilities of $0, net assets of $5,284.