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Texas · Nonprofit

MUSTANGS FOREVER INC

MUSTANGS FOREVER INC (Texas) receives grants from 1 organization whose IRS filings report $2,867,664 to it, the largest being BETTY JANE BELL CHARITABLE TRUST I ($2,867,664). 1 of them have funded it in more than one year.

Revenue FY2025
$208k
Funders on record
1
Grants received
$2.9M
Net assets
$2.9M
1/1 repeat fundersgrants exceed reported revenue in one year
01What it does

What Mustangs Forever Inc does

Mission

Provide veterinary care, shelter feeding and training of wild mustangs procured from the bureau of land management

As stated on its FY2024 Form 990.

Program

  1. Provide veterinary care shelter feeding and training of wild mustangs procured from the bureau of land management

    $425,099 spent

The program described on its FY2024 Form 990-PF.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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 = 20172017 Revenue 100 ($233k) Expenses 100 ($191k) Net assets 100 ($1.5M)2018 Revenue 215 ($501k) Expenses 146 ($278k) Net assets 116 ($1.7M)2020 Revenue 578 ($1.3M) Expenses 304 ($579k) Net assets 164 ($2.4M)2021 Revenue 319 ($743k) Expenses 296 ($564k) Net assets 176 ($2.6M)2022 Revenue 140 ($326k) Expenses 227 ($432k) Net assets 169 ($2.5M)2023 Revenue 86 ($201k) Expenses 204 ($389k) Net assets 157 ($2.3M)2024 Revenue 168 ($390k) Expenses 205 ($390k) Net assets 157 ($2.3M)2025 Revenue 90 ($208k) Expenses 223 ($425k) Net assets 194 ($2.9M)
'17'18'20'21'22'23'24'25
Revenue (90)Expenses (223)Net assets (194)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 $2.3M to $2.9M (+24%).

$1.6M
$1.9M
$2.5M
$2.6M
$2.5M
$2.3M
$2.3M
$2.9M
'17'18'20'21'22'23'24'25
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.

2017
2018
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

90% of MUSTANGS FOREVER INC’s revenue is contributions — more donation-reliant than the typical peer (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. 2 of the last 7 reported years ran a deficit.

$42k
’17
$223k
’18
$766k
’20
$179k
’21
−$106k
’22
−$188k
’23
$203
’24
’25
10
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

Randy Olson

Executive director

As listed on its FY2025 Form 990-PF.

'17'18'20'21'22'23'24'25
Listed959109999
Joined·+0·+3+0+2+2+1
No longer listed·4·21221
03Who funds it

Who funds it, year by year

2018 → 2023: the base held at 1 funder, grant income fell $344k → $334k.

Funder
'18
'19
'20
'21
'22
'23
'24*
'25*
total
funders
1
1
1
1
1
1
1
1

From the IRS filings of MUSTANGS FOREVER INC’s funders (the co-funder graph). 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.

Where its funders are

MUSTANGS FOREVER INC draws 100% of its grant income from funders outside Texas, across 1 state in all.

FL

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

’18
’19
’20
’21
’22
’23
Texas out of state home

Funder states come from each funder’s own filing. 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

MUSTANGS FOREVER INC is better cushioned than half of the 3,693 animals nonprofits its size.

Months of reserve10.3mo · above the median
Revenue growth (annualized)−1% · bottom quartile

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

Organizations like MUSTANGS FOREVER INC

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 Texas

Nationally

05Profile & governance

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

Screen this organization

A dated, signed PDF of the compliance screen for MUSTANGS FOREVER INC: 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.

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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 MUSTANGS FOREVER INC?
MUSTANGS FOREVER INC (Texas) receives grants from 1 organization whose IRS filings report $2,867,664 to it, the largest being BETTY JANE BELL CHARITABLE TRUST I ($2,867,664). 1 of them have funded it in more than one year.
How many funders does MUSTANGS FOREVER INC have?
IRS filings report 1 organization giving $2,867,664 in grants to MUSTANGS FOREVER INC, 1 of which have funded it in more than one year.
Who is the largest funder of MUSTANGS FOREVER INC?
BETTY JANE BELL CHARITABLE TRUST I is the largest funder on record, with $2,867,664 in grants. The full list of funders is on this page.
How can an organization like MUSTANGS FOREVER INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Texas. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 1 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