Institute of Range & the American Mustang is a 501(c)(3) organization based in Hot Springs, South Dakota, registered in 1989, with $2,238,146 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$2.2M
▲ 35.2% vs prior year
Animals median: $151K
Expenses (FY2024)
$2.1M
Net assets
$6.6M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Institute of Range & the American Mustang— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Institute of Range & the American Mustang: 38 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Institute of Range & the American Mustang— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Institute of Range & the American Mustang: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue grew from $1.5M (FY2015) to $2.2M (FY2024) across 10 reported years.
Financial snapshot
Operating margin
5.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.7M
Total liabilities
$41K
Net assets
$6.6M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,238,146▲35.2% | $2,106,469▼8.2% | $6,649,249▲8.0% | $6,690,708▲8.6% | 990 |
| 2023 | $1,655,620▼10.1% | $2,294,307▲28.8% | $6,154,291▼0.5% | $6,158,197▼0.7% | 990 |
| 2022 | $1,841,222▼24.6% | $1,781,745▼6.4% | $6,187,760▼11.8% | $6,204,376▼11.6% | 990 |
| 2021 | $2,441,885▲48.7% | $1,903,399▲26.8% | $7,019,095▲15.0% | $7,019,095▲13.7% | 990 |
| 2020 | $1,642,533▼26.6% | $1,500,820▲15.1% | $6,102,066▲10.2% | $6,170,820▲11.3% | 990 |
| 2019 | $2,237,450▲58.5% | $1,303,588▼14.8% | $5,538,674▲31.0% | $5,541,964▲7.9% | 990 |
| 2018 | $1,411,893▼17.7% | $1,530,864▼5.9% | $4,227,467▼7.1% | $5,136,452▼6.4% | 990 |
| 2017 | $1,715,037▲2.5% | $1,626,805▲2.2% | $4,548,956▲7.6% | $5,487,734▲3.4% | 990 |
| 2016 | $1,672,994▲9.5% | $1,592,332▲4.6% | $4,228,818▲3.1% | $5,307,800▲2.2% | 990 |
| 2015 | $1,527,711 | $1,522,226 | $4,099,761 | $5,195,948 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
24 grants to Institute of Range & the American Mustang totaling $797K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $7,929 |
| American Endowment Foundation | Animal-related | 2024 | $7,111 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $6,926 |
| American Endowment Foundation | Animal-related | 2023 | $5,974 |
| American Online Giving Foundation Inc | General support | 2023 | $5,357 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $13,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $7,351 |
| American Endowment Foundation | Animal-related | 2022 | $5,794 |
| American Endowment Foundation | Animal-related | 2021 | $38,712 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $11,301 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $11,301 |
| The Chicago Community Trust | General operating support | 2020 | $100,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $8,950 |
| The Chicago Community Trust | General operating support | 2019 | $200,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $10,150 |
Explore more
Data for Institute of Range & the American Mustang (EIN 46-0401462) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.