Friends Of The National Multiple Sclerosis Society
EIN: 870620048 · Salt Lake City, UT · NTEE: T11
| Metric | Value |
|---|---|
| Total Revenue | $181K |
| Total Expenses | $521K |
| Net Assets | $53K |
Is Friends Of The National Multiple Sclerosis Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends Of The National Multiple Sclerosis Society
Friends Of The National Multiple Sclerosis Society (EIN: 870620048) is a nonprofit organization based in Salt Lake City, UT, classified under NTEE code T11. The organization reported total revenue of $181K and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The National Multiple Sclerosis Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The National Multiple Sclerosis Society is a small nonprofit that has been operating for 26 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -8.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $470K |
| Total Expenses | $521K |
| Surplus / Deficit | $-51,393 |
| Total Assets | $54K |
| Total Liabilities | $1K |
| Net Assets | $53K |
| Operating Margin | -10.9% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 1.3 months |
Financial Health Grade: C
In 2022, Friends Of The National Multiple Sclerosis Society reported a deficit of $51K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Friends Of The National Multiple Sclerosis Society's revenue has declined at a compound annual growth rate (CAGR) of -8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -33.7% | -30.1% | -59.8% |
| 2021 | -14.3% | -25.5% | -37.5% |
| 2020 | -33.6% | -17.9% | -51.4% |
| 2019 | +4.7% | +2.9% | +8.3% |
| 2018 | -0.9% | +2.9% | +22.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends Of The National Multiple Sclerosis Society has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of The National Multiple Sclerosis Society with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.2%.
Frequently Asked Questions about Friends Of The National Multiple Sclerosis Society
Is Friends Of The National Multiple Sclerosis Society a legitimate charity?
Friends Of The National Multiple Sclerosis Society (EIN: 870620048) is a registered tax-exempt nonprofit based in Utah. It has 12 years of IRS 990 filings on record. Total revenue: $181K. No red flags identified. Financial health grade: C.
How does Friends Of The National Multiple Sclerosis Society spend its money?
Friends Of The National Multiple Sclerosis Society reported $181K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Friends Of The National Multiple Sclerosis Society tax-deductible?
Friends Of The National Multiple Sclerosis Society is registered as a tax-exempt nonprofit (EIN: 870620048). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of The National Multiple Sclerosis Society located?
Friends Of The National Multiple Sclerosis Society is headquartered in Salt Lake City, Utah and files with the IRS under EIN 870620048. It is classified under NTEE code T11.
How many years of IRS 990 filings does Friends Of The National Multiple Sclerosis Society have?
Friends Of The National Multiple Sclerosis Society has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $181K in total revenue.
Filing History
IRS 990 filing history for Friends Of The National Multiple Sclerosis Society showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Friends Of The National Multiple Sclerosis Society's revenue has declined by 60.8%, moving from $1.2M to $470K. Total assets decreased by 67.6% over the same period, from $168K to $54K. Total functional expenses fell by 58.5%, from $1.3M to $521K. In its most recent filing year (2022), Friends Of The National Multiple Sclerosis Society reported a deficit of $51K, with expenses exceeding revenue. The organization holds $1K in liabilities against $54K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $53K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $470K | $521K | $54K | $1K | — | View 990 |
| 2021 | $708K | $745K | $135K | $31K | — | View 990 |
| 2020 | $826K | $1000K | $216K | $75K | — | View 990 |
| 2019 | $1.2M | $1.2M | $445K | $130K | — | View 990 |
| 2018 | $1.2M | $1.2M | $411K | $121K | — | View 990 |
| 2017 | $1.2M | $1.2M | $336K | $50K | — | — |
| 2016 | $1.2M | $1.1M | $278K | $41K | — | View 990 |
| 2015 | $1.2M | $1.2M | $191K | $48K | — | View 990 |
| 2014 | $1.4M | $1.3M | $229K | $86K | — | View 990 |
| 2013 | $1.2M | $1.2M | $266K | $159K | — | View 990 |
| 2012 | $1.1M | $1.2M | $226K | $128K | — | View 990 |
| 2011 | $1.2M | $1.3M | $168K | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $470K, expenses of $521K, and assets of $54K (revenue -33.7% year-over-year).
- 2021: Revenue of $708K, expenses of $745K, and assets of $135K (revenue -14.3% year-over-year).
- 2020: Revenue of $826K, expenses of $1000K, and assets of $216K (revenue -33.6% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $445K (revenue +4.7% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $411K (revenue -0.9% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $336K (revenue +0.7% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $278K (revenue +1.6% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $191K (revenue -13.6% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $229K (revenue +9.3% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $266K (revenue +8.0% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.2M, and assets of $226K (revenue -4.0% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.3M, and assets of $168K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The National Multiple Sclerosis Society:
Data Sources and Methodology
This transparency report for Friends Of The National Multiple Sclerosis Society is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.