Mustang Sports Club Inc

Charity Navigator Rating: 76%, Three-Star out of Four Star rating. This rating indicates that Mustang Sports Club Inc demonstrates a reasonable level of accountability and financial health, as it is based entirely on the Accountability & Finance beacon. The charity's performance is commendable, particularly in areas such as board independence, where it scored a full 10 out of 10 points for having 100% independent board members.

Strengths of the organization include an impressive program expense ratio of 81.23%, reflecting a strong commitment to allocating funds directly to its programs. Additionally, the absence of material diversion of assets and a favorable liabilities to assets ratio of 3.06% further highlight its financial stability. The organization has also maintained transparency by listing its website on its tax form and providing documented board meeting minutes.

However, the organization needs to improve in areas related to governance policies, as it lacks a conflict of interest policy, whistleblower policy, and document retention and destruction policy. All three areas received a score of zero, indicating that these critical governance tools are not currently in place, which may affect stakeholder confidence in the organization's oversight practices.

This AI summary has been generated from information found on Charity Navigator.

Mustang Sports Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mustang Sports Club Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,750

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Official website here: www.mustangsportsclub.org