Spanish Mustang Foundation
Spanish Mustang Foundation shows fluctuating revenue but strong asset growth and zero officer compensation.
EIN: 200117068 · Santa Fe, NM · NTEE: D31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $21K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $50,111 |
| Net Assets | $50K |
| Transparency Score | 88/100 |
Is Spanish Mustang Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spanish Mustang Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spanish Mustang Foundation
Spanish Mustang Foundation (EIN: 200117068) is a nonprofit organization based in Santa Fe, NM, classified under NTEE code D31. The organization reported total revenue of $10K and total assets of $39K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spanish Mustang Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spanish Mustang Foundation is a micro nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $44K |
| Total Expenses | $21K |
| Surplus / Deficit | +$23K |
| Total Assets | $50K |
| Total Liabilities | $1 |
| Net Assets | $50K |
| Operating Margin | 51.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 28.4 months |
Financial Health Grade: A
In 2023, Spanish Mustang Foundation reported a surplus of $23K with revenue exceeding expenses, holds 28.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2009–2023), Spanish Mustang Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.6% | -56.6% | +81.8% |
| 2022 | +204.1% | +100.2% | +581.5% |
| 2021 | +323.3% | -56.9% | -13.1% |
| 2020 | -94.0% | -27.4% | -91.6% |
| 2019 | +87.1% | +57.1% | +272.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Spanish Mustang 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, Spanish Mustang 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with assets reaching $50,111 in 2023.
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 Spanish Mustang Foundation's IRS 990 filings:
- Significant revenue volatility, with a drop from $93,406 in 2019 to $5,625 in 2020, which could impact long-term planning.
- Expenses exceeded revenue in several periods (e.g., 2020, 2021, 2013, 2011), indicating reliance on reserves or temporary funding gaps.
Strengths
The following positive indicators were identified for Spanish Mustang Foundation:
- Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
- Very low liabilities across all reported periods, often $0 or $1, demonstrating excellent financial stability and responsible debt management.
- Significant asset growth in recent years, from $4,045 in 2021 to $50,111 in 2023, indicating increasing financial capacity.
- Consistent filing of IRS 990 forms, demonstrating transparency and compliance.
Frequently Asked Questions about Spanish Mustang Foundation
Is Spanish Mustang Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Spanish Mustang Foundation (EIN: 200117068) some concerns. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
How does Spanish Mustang Foundation spend its money?
Spanish Mustang Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spanish Mustang Foundation tax-deductible?
Spanish Mustang Foundation is registered as a tax-exempt nonprofit (EIN: 200117068). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Spanish Mustang Foundation CEO make?
Spanish Mustang Foundation's highest-compensated officer earns $50,111 annually. The organization reported $10K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Spanish Mustang Foundation's spending goes to programs?
Spanish Mustang Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spanish Mustang Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Spanish Mustang Foundation is above average for NTEE category D31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spanish Mustang Foundation located?
Spanish Mustang Foundation is headquartered in Santa Fe, New Mexico and files with the IRS under EIN 200117068. It is classified under NTEE code D31.
How many years of IRS 990 filings does Spanish Mustang Foundation have?
Spanish Mustang Foundation has 12 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 $10K in total revenue.
Is Spanish Mustang Foundation a good charity?
Based on the available data, the Spanish Mustang Foundation appears to be a good charity. They consistently report 0% officer compensation, indicating a strong volunteer commitment at the top. Their liabilities are consistently very low, and they have shown recent asset growth to $50,111 in 2023. While revenue fluctuates, their operational efficiency and lack of executive pay are strong positive indicators.
How has the organization's financial health changed over time?
The organization's financial health has shown resilience. Assets have grown significantly from $4,045 in 2021 to $50,111 in 2023. Revenue has been volatile, with a peak of $93,406 in 2019 and a low of $5,625 in 2020, but the organization has managed to maintain very low liabilities throughout, suggesting careful financial stewardship.
What is the trend in their expenses versus revenue?
Expenses generally track revenue, with some notable exceptions. In 2020, expenses ($56,672) significantly outstripped revenue ($5,625), which could indicate a period of strategic investment or a temporary deficit. However, in 2023, revenue ($43,746) comfortably exceeded expenses ($21,200), demonstrating a healthy surplus.
Filing History
IRS 990 filing history for Spanish Mustang Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2009–2023), Spanish Mustang Foundation's revenue has grown by 109.8%, moving from $21K to $44K. Total assets increased by 204.1% over the same period, from $16K to $50K. Total functional expenses rose by 70.9%, from $12K to $21K. In its most recent filing year (2023), Spanish Mustang Foundation reported a surplus of $23K, with revenue exceeding expenses. The organization holds $1 in liabilities against $50K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $44K | $21K | $50K | $1 | — | — |
| 2022 | $72K | $49K | $28K | $1 | — | View 990 |
| 2021 | $24K | $24K | $4K | $1 | — | — |
| 2020 | $6K | $57K | $5K | $1 | — | — |
| 2019 | $93K | $78K | $56K | $0 | — | View 990 |
| 2015 | $50K | $50K | $15K | $1 | — | View 990 |
| 2014 | $46K | $35K | $15K | $0 | — | View 990 |
| 2013 | $23K | $31K | $3K | $0 | — | View 990 |
| 2012 | $24K | $24K | $11K | $0 | — | View 990 |
| 2011 | $32K | $38K | $11K | $0 | — | View 990 |
| 2010 | $21K | $20K | $17K | $0 | — | View 990 |
| 2009 | $21K | $12K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $44K, expenses of $21K, and assets of $50K (revenue -39.6% year-over-year).
- 2022: Revenue of $72K, expenses of $49K, and assets of $28K (revenue +204.1% year-over-year).
- 2021: Revenue of $24K, expenses of $24K, and assets of $4K (revenue +323.3% year-over-year).
- 2020: Revenue of $6K, expenses of $57K, and assets of $5K (revenue -94.0% year-over-year).
- 2019: Revenue of $93K, expenses of $78K, and assets of $56K (revenue +87.1% year-over-year).
- 2015: Revenue of $50K, expenses of $50K, and assets of $15K (revenue +8.8% year-over-year).
- 2014: Revenue of $46K, expenses of $35K, and assets of $15K (revenue +96.0% year-over-year).
- 2013: Revenue of $23K, expenses of $31K, and assets of $3K (revenue -2.5% year-over-year).
- 2012: Revenue of $24K, expenses of $24K, and assets of $11K (revenue -24.2% year-over-year).
- 2011: Revenue of $32K, expenses of $38K, and assets of $11K (revenue +53.9% year-over-year).
- 2010: Revenue of $21K, expenses of $20K, and assets of $17K (revenue -1.3% year-over-year).
- 2009: Revenue of $21K, expenses of $12K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spanish Mustang Foundation:
Data Sources and Methodology
This transparency report for Spanish Mustang 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.