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Oregon · Nonprofit

Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry

Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry (Oregon) receives grants from 14 organizations whose IRS filings report $89,680 to it, the largest being THE MARIANNE H HALLE ANIMAL SUPPOR FOUNDATION INC ($75,000). 5 of them have funded it in more than one year.

Revenue FY2025
$787k
Funders on record
14
Grants received
$90k
Net assets
$348k
5/14 repeat funderspeak grant-dependency 60%
01What it does

What Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry does

Mission

Our mission is to preserve the ancestral genetics within the Carter Reservoir wild horse herd by DNA testing, documenting and recording them, with a goal of working with the Bureau of Land Management (BLM) to maintain the wild herd at healthy sustainable numbers, to educate the public, and to guide the public to view the Carter Reservoir herd without compromising public or horse safety. Study, research and record the Carter Reservoir Herd Management Area (HMA) Mustangs, building a historical foundation. Genetically test the Carter Reservoir Mustangs to continue building upon their proven Spanish-Iberian lineage. Inform the public on the value of the irreplaceable Carter Mustangs among America's wild horse herds. Develop the Carter Conservation Center (CCC) as a holding, placement, and sanctuary facility in preparation for future Carter Reservoir HMA roundups by the BLM. Offer assistance with captive and adopted Carter Reservoir Mustangs. Proactively pursue conservation of a genetically

As stated on its FY2025 Form 990.

Programs

  1. On-Range Documenting of the Carter Reservoir Mustangs

    $17,299 spent
    65% of program spending
  2. Proactively pursue conservation of a genetically viable herd number for the Carter Reservoir HMA wild horses through litigation.

    $9,158 spent
    35% of program spending
  3. DNA Testing & recording of genetic data

The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $26,457.

02The organization over time

The organization over time

Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20192019 Revenue 100 ($6k) Expenses 100 ($3k) Net assets 100 ($5k)2020 Revenue 103 ($6k) Expenses 195 ($6k) Net assets 105 ($6k)2021 Revenue 92 ($5k) Expenses 142 ($4k) Net assets 128 ($7k)2022 Revenue 179 ($10k) Expenses 364 ($10k) Net assets 124 ($7k)2023 Revenue 1576 ($90k) Expenses 431 ($12k) Net assets 1595 ($84k)2024 Revenue 7884 ($450k) Expenses 11939 ($342k) Net assets 3699 ($195k)2025 Revenue 13783 ($787k) Expenses 22107 ($634k) Net assets 6600 ($348k)
2019202020212022202320242025
Revenue (13783)Expenses (22107)Net assets (6600)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $195k to $348k (+78%).

$5k
$6k
$7k
$7k
$84k
$195k
$348k
2019202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2019 0% · 2020 17%. Grants only. Government contracts and fees sit inside program revenue.

8% of Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry’s revenue is contributions — more earned-revenue than three-quarters of its peers (86% for the typical peer).

This organization
Typical peer · 7,042 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 7 reported years ran a deficit.

$3k
’19
$285
’20
$1k
’21
−$241
’22
$78k
’23
$108k
’24
$153k
’25
5.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Darice Massey

CEO/Secretary

As listed on its FY2025 Form 990.

2019202020212022202320242025
Listed3344233
Joined·+0+1+0··+1
No longer listed·000··1
03Who funds it

Who funds it, year by year

2020 → 2023: the base broadened from 2 funders to 6 funders, grant income rose $1k → $54k.

1 of 14 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 1% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry’s funders (the co-funder graph). Top 13 of 14 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry leans on a few funders — its largest provides 84% of grant income and the top three 93%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

84%
largest funder
93%
top three
~1
effective funders

Largest funder’s share by year: 2020 89% · 2021 100% · 2022 100% · 2023 93% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry draws 100% of its grant income from funders outside Oregon, across 10 states in all.

IL
NY
CT
CA
UT
MO
AZ
GA
TX
FL

In-state vs out-of-state, by year

’20
’23
Oregon out of state home

Funder states come from each funder’s own filing. $580 arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry has grown faster than three-quarters of the 3,693 animals nonprofits its size.

Operating margin19% · above the median
Months of reserve5.3mo · below the median
Revenue growth (annualized)127% · top quartile

this organization peer median middle 50% of peers· 3,693 animals nonprofits $100k–$1M, FY2025

Organizations like Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Oregon

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

4% of spending goes to programs.

Program 4%Management 5%Fundraising 90%

Governance

3
board members
0%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990–Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

OR

Screen this organization

A dated, signed PDF of the compliance screen for Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry?
Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry (Oregon) receives grants from 14 organizations whose IRS filings report $89,680 to it, the largest being THE MARIANNE H HALLE ANIMAL SUPPOR FOUNDATION INC ($75,000). 5 of them have funded it in more than one year.
How many funders does Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry have?
IRS filings report 14 organizations giving $89,680 in grants to Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry, 5 of which have funded it in more than one year.
Who is the largest funder of Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry?
THE MARIANNE H HALLE ANIMAL SUPPOR FOUNDATION INC is the largest funder on record, with $75,000 in grants. The full list of funders is on this page.
How can an organization like Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Oregon. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Carter Reservoir Mustangs Inc Carter Reservoir Mustangs Registry →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2019–2025), and the filings of 14 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing