Mustang Soccer League

Analysis

Mustang Soccer League is a registered charity in United States, based in Danville, CA. It received its IRS tax-exemption ruling in September 1982, 44 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 January 2024, Mustang Soccer League reported income of $4.8m and spending of $5.2m, spending 108% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income grew from $3.8m to $4.8m (+27%), an average of +6.1% a year. The sharpest change came in the year to January 2022, when income rose by 43%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mustang Soccer League sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include 21st Century Parks Endowment Inc ($4.8m), The Economic Development Group Inc ($4.9m) and Bronx House-Emanuel Camps Inc ($4.8m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $277k (5.3% of expenses). Other salaries and wages came to $790k. At year end it held assets of $4.0m against liabilities of $253k, net assets of $3.7m. It reported 35 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.