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
| Metric | Value |
|---|---|
| Total Revenue | $169K |
| Total Expenses | $146K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $125,000. |
| Net Assets | $125K |
| Transparency Score | 92/100 |
Search Intent Cockpit
Independence Mustang Athletic Boosters Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Independence Mustang Athletic Boosters Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Independence Mustang Athletic Boosters Inc in one place.
Form 990 Filing Summary
5 filing years are available, with latest revenue of $145K and expenses of $146K.
Revenue and Expenses
Independence Mustang Athletic Boosters Inc reported $145K in revenue and $146K in expenses, a deficit of $1K.
Executive Compensation
Top officer compensation appears as $125,000. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
92/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Independence Mustang Athletic Boosters Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $132K (90%) |
Across stored filings, Independence Mustang Athletic Boosters Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 5 stored filing years |
| Peer context | Compare with Latinas Unidas Por Un Nuevo Amanecer | Iowa and Education context |
Trust Check
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Keep the Investigation Moving
Independence Mustang Athletic Boosters Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Independence Mustang Athletic Boosters Inc is a small nonprofit that has been operating for 10 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $146K |
| Surplus / Deficit | $-1,007 |
| Total Assets | $125K |
| Net Assets | $125K |
| Operating Margin | -0.7% |
| Months of Reserves | 10.3 months |
Financial Health Grade: B
In 2023, Independence Mustang Athletic Boosters Inc reported a deficit of $1K with expenses exceeding revenue, holds 10.3 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Independence Mustang Athletic Boosters Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.9% | +16.5% | -0.8% |
| 2022 | +24.9% | +39.0% | +8.9% |
| 2021 | +5.1% | +13.7% | +11.0% |
| 2020 | -18.4% | -25.9% | +31.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
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 legitimate charity?
Independence Mustang Athletic Boosters Inc (EIN: 203088467) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 92/100. It has 5 years of IRS 990 filings on record. Total revenue: $169K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Independence Mustang Athletic Boosters Inc spend its money?
Independence Mustang Athletic Boosters Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Independence Mustang Athletic Boosters Inc tax-deductible?
Independence Mustang Athletic Boosters Inc is registered as a tax-exempt nonprofit (EIN: 203088467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Independence Mustang Athletic Boosters Inc CEO make?
Independence Mustang Athletic Boosters Inc's highest-compensated officer earns $125,000. annually. The organization reported $169K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Independence Mustang Athletic Boosters Inc's spending goes to programs?
Independence Mustang Athletic Boosters Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Independence Mustang Athletic Boosters Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Independence Mustang Athletic Boosters Inc is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Independence Mustang Athletic Boosters Inc located?
Independence Mustang Athletic Boosters Inc is headquartered in Independence, Iowa and files with the IRS under EIN 203088467. It is classified under NTEE code B11.
How many years of IRS 990 filings does Independence Mustang Athletic Boosters Inc have?
Independence Mustang Athletic Boosters Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $169K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independence Mustang Athletic Boosters Inc:
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.