Mustang Heritage Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,095,894 | 3,927,684 | 168,210 | 5.7 | 12% |
| 2021 | 5,386,262 | 5,232,333 | 153,929 | 4.7 | 10% |
| 2022 | 6,838,640 | 5,854,884 | 983,756 | 5.5 | 10% |
| 2023 | 5,225,643 | 4,812,816 | 412,827 | 7.7 | 11% |
In its most recent public year (2023), this organization brought in $412,827 more than it spent. Its reserves stood at about 7.7 months of spending, up from 5.7 in 2020. Staff pay was 11% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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