Mustang Public School Foundation
Mustang Public School Foundation shows consistent asset growth and no executive compensation, but experienced a deficit in its latest fiscal year.
EIN: 202283613 · Mustang, OK · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $39K |
| Total Expenses | $49K |
| Program Spending | 85% |
| Net Assets | $53K |
| Transparency Score | 88/100 |
Is Mustang Public School Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mustang Public School Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mustang Public School Foundation
Mustang Public School Foundation (EIN: 202283613) is a nonprofit organization based in Mustang, OK, classified under NTEE code B11. The organization reported total revenue of $39K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mustang Public School Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mustang Public School Foundation is a micro nonprofit that has been operating for 20 years, with 8 years of IRS 990 filings on record (2017–2024). Revenue has grown at a compound annual rate of 54.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $49K |
| Surplus / Deficit | $-10,017 |
| Total Assets | $54K |
| Total Liabilities | $344 |
| Net Assets | $53K |
| Operating Margin | -25.6% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 13.1 months |
Financial Health Grade: B
In 2024, Mustang Public School Foundation reported a deficit of $10K with expenses exceeding revenue, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 8 years of filings (2017–2024), Mustang Public School Foundation's revenue has grown at a compound annual growth rate (CAGR) of 54.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +25.4% | +206.4% | -17.6% |
| 2023 | -5.6% | -29.6% | +30.3% |
| 2022 | +466.9% | +714.8% | +25.9% |
| 2021 | -78.7% | -89.5% | +8.3% |
| 2020 | -29.0% | +19.9% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Mustang Public School Foundation with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mustang Public School Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
The Mustang Public School Foundation consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure where no funds are allocated to executive salaries, which is highly efficient for a small organization.
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.
Red Flags
The following concerns were identified during AI analysis of Mustang Public School Foundation's IRS 990 filings:
- Latest fiscal year (2024) shows expenses ($49,135) exceeding revenue ($39,118), indicating a deficit.
- Revenue has been inconsistent year-over-year, making long-term financial planning potentially challenging.
Strengths
The following positive indicators were identified for Mustang Public School Foundation:
- Consistent reporting of 0% officer compensation, indicating high efficiency and volunteer-driven operations.
- Steady growth in assets from $9,980 in 2017 to $53,722 in 2024, demonstrating financial accumulation.
- Generally low liabilities across all filing periods, suggesting responsible debt management.
- Strong program focus implied by lack of executive compensation and mission to support public schools.
Frequently Asked Questions about Mustang Public School Foundation
Is Mustang Public School Foundation a legitimate charity?
Mustang Public School Foundation (EIN: 202283613) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 88/100. It has 8 years of IRS 990 filings on record. Total revenue: $39K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Mustang Public School Foundation spend its money?
Mustang Public School Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mustang Public School Foundation tax-deductible?
Mustang Public School Foundation is registered as a tax-exempt nonprofit (EIN: 202283613). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mustang Public School Foundation's spending goes to programs?
Mustang Public School Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mustang Public School Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Mustang Public School Foundation 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 Mustang Public School Foundation located?
Mustang Public School Foundation is headquartered in Mustang, Oklahoma and files with the IRS under EIN 202283613. It is classified under NTEE code B11.
How many years of IRS 990 filings does Mustang Public School Foundation have?
Mustang Public School Foundation has 8 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 $39K in total revenue.
Is the Mustang Public School Foundation financially stable?
The foundation shows a mixed financial picture. While it has demonstrated consistent asset growth from $9,980 in 2017 to $53,722 in 2024 and generally low liabilities, its latest filing (2024) shows expenses ($49,135) exceeding revenue ($39,118), resulting in a deficit. This contrasts with previous years where revenue often exceeded expenses, such as in 2023 ($31,206 revenue vs. $16,036 expenses).
How does the foundation manage its administrative costs?
The foundation appears to manage administrative costs very efficiently, primarily due to reporting 0% officer compensation across all filings. This suggests a high reliance on volunteers and direct allocation of funds to programs rather than overhead.
What is the trend in the foundation's revenue?
The foundation's revenue has shown significant growth and fluctuation over time, increasing from $1,895 in 2017 to a peak of $39,118 in 2024, with dips in between, such as $5,831 in 2021. This indicates varying levels of fundraising success year-to-year.
Filing History
IRS 990 filing history for Mustang Public School Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2017–2024), Mustang Public School Foundation's revenue has grown by 1964.3%, moving from $2K to $39K. Total assets increased by 438.3% over the same period, from $10K to $54K. Total functional expenses rose by 178.7%, from $18K to $49K. In its most recent filing year (2024), Mustang Public School Foundation reported a deficit of $10K, with expenses exceeding revenue. The organization holds $344 in liabilities against $54K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $53K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $39K | $49K | $54K | $344 | — | — |
| 2023 | $31K | $16K | $65K | $2K | — | View 990 |
| 2022 | $33K | $23K | $50K | $0 | — | — |
| 2021 | $6K | $3K | $40K | $0 | — | — |
| 2020 | $27K | $27K | $37K | $0 | — | View 990 |
| 2019 | $39K | $22K | $36K | $0 | — | View 990 |
| 2018 | $20K | $4K | $20K | $0 | — | View 990 |
| 2017 | $2K | $18K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $39K, expenses of $49K, and assets of $54K (revenue +25.4% year-over-year).
- 2023: Revenue of $31K, expenses of $16K, and assets of $65K (revenue -5.6% year-over-year).
- 2022: Revenue of $33K, expenses of $23K, and assets of $50K (revenue +466.9% year-over-year).
- 2021: Revenue of $6K, expenses of $3K, and assets of $40K (revenue -78.7% year-over-year).
- 2020: Revenue of $27K, expenses of $27K, and assets of $37K (revenue -29.0% year-over-year).
- 2019: Revenue of $39K, expenses of $22K, and assets of $36K (revenue +96.2% year-over-year).
- 2018: Revenue of $20K, expenses of $4K, and assets of $20K (revenue +938.8% year-over-year).
- 2017: Revenue of $2K, expenses of $18K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mustang Public School Foundation:
Data Sources and Methodology
This transparency report for Mustang Public School Foundation 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.