Independence Mustang Athletic Boosters Inc

Independence Mustang Athletic Boosters Inc consistently grows assets with zero liabilities and volunteer leadership.

EIN: 203088467 · Independence, IA · NTEE: B11 · Updated: 2026-03-28

$169KRevenue

$163KAssets

92/100Mission Score (Excellent)

B11

About Independence Mustang Athletic Boosters Inc

Independence Mustang Athletic Boosters Inc (EIN: 203088467) is a nonprofit organization based in Independence, IA, classified under NTEE code B11. The organization reported total revenue of $169K and total assets of $163K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independence Mustang Athletic Boosters Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Independence Mustang Athletic Boosters Inc demonstrates consistent financial health, with revenues generally exceeding expenses over the past five years, leading to a steady growth in assets from $79,325 in 2019 to $125,215 in 2023. The organization maintains a strong financial position with zero reported liabilities across all filings, indicating excellent fiscal management and no reliance on debt. Their latest revenue of $145,255 against expenses of $146,262 in 2023 shows a slight operational deficit for that specific year, but this is minor in the context of overall asset growth and prior surpluses.

The organization's spending efficiency appears high, particularly given the 0% officer compensation reported in all filings, suggesting that leadership is likely volunteer-based, which maximizes funds available for programs. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a strong indicator of efficient resource allocation. Their consistent growth in assets without incurring liabilities further supports a well-managed financial operation.

Transparency is excellent, as evidenced by the readily available IRS 990 filings and the clear reporting of key financial metrics. The consistent reporting of zero liabilities and officer compensation simplifies financial analysis and builds trust. The organization's focus on athletic boosters, combined with its efficient financial practices, suggests a strong commitment to its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Independence Mustang Athletic Boosters Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Independence Mustang Athletic Boosters Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all five filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with assets growing to over $125,000.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Independence Mustang Athletic Boosters Inc:

Consistent asset growth, from $79,325 in 2019 to $125,215 in 2023.
Zero reported liabilities across all five filing periods, indicating strong financial stability and no debt.
0% officer compensation reported in all filings, suggesting volunteer leadership and efficient use of funds.
Revenues generally exceed expenses, leading to healthy surpluses in most years (e.g., $108,728 revenue vs. $90,322 expenses in 2021).
Clear and consistent IRS 990 filing history, demonstrating good transparency.

Frequently Asked Questions about Independence Mustang Athletic Boosters Inc

Is Independence Mustang Athletic Boosters Inc a good charity?

Based on the provided IRS 990 data, Independence Mustang Athletic Boosters Inc appears to be a very good charity. They consistently grow assets, maintain zero liabilities, and report 0% officer compensation, indicating strong financial health and efficient use of funds.

How has the organization's financial health changed over the past five years?

The organization's financial health has steadily improved over the past five years, with assets growing from $79,325 in 2019 to $125,215 in 2023. They have consistently maintained zero liabilities, demonstrating excellent fiscal management.

What is the significance of 0% officer compensation?

0% officer compensation is highly significant as it indicates that the organization's leadership is volunteer-based. This means that all revenue, after operational expenses, is directly channeled towards the organization's mission rather than executive salaries, maximizing program impact.

Filing History

IRS 990 filing history for Independence Mustang Athletic Boosters Inc showing financial trends over 5 years of public records:

Over 5 years of IRS 990 filings (2019–2023), Independence Mustang Athletic Boosters Inc's revenue has grown by 14.5%, moving from $127K to $145K. Total assets increased by 57.9% over the same period, from $79K to $125K. Total functional expenses rose by 36.4%, from $107K to $146K. In its most recent filing year (2023), Independence Mustang Athletic Boosters Inc reported a deficit of $1K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$145K	$146K	$125K	$0	—	View 990
2022	$136K	$126K	$126K	$0	—	View 990
2021	$109K	$90K	$116K	$0	—	—
2020	$103K	$79K	$104K	$0	—	—
2019	$127K	$107K	$79K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $145K, expenses of $146K, and assets of $125K (revenue +6.9% year-over-year).
2022: Revenue of $136K, expenses of $126K, and assets of $126K (revenue +24.9% year-over-year).
2021: Revenue of $109K, expenses of $90K, and assets of $116K (revenue +5.1% year-over-year).
2020: Revenue of $103K, expenses of $79K, and assets of $104K (revenue -18.4% year-over-year).
2019: Revenue of $127K, expenses of $107K, and assets of $79K.

Data Sources and Methodology

This transparency report for Independence Mustang Athletic Boosters Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.