National Bureau Of Economic Research Inc
National Bureau Of Economic Research consistently maintains strong financial health with zero reported officer compensation.
EIN: 131641075 · Cambridge, MA · NTEE: V220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $56.7M |
| Total Expenses | $38.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200 |
| Net Assets | $148.2M |
| Transparency Score | 95/100 |
Is National Bureau Of Economic Research Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Bureau Of Economic Research Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About National Bureau Of Economic Research Inc
National Bureau Of Economic Research Inc (EIN: 131641075) is a nonprofit organization based in Cambridge, MA, classified under NTEE code V220. The organization reported total revenue of $56.7M and total assets of $206.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Bureau Of Economic Research Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Bureau Of Economic Research Inc is a major nonprofit that has been operating for 105 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41.7M |
| Total Expenses | $38.5M |
| Surplus / Deficit | +$3.2M |
| Total Assets | $176.8M |
| Total Liabilities | $28.7M |
| Net Assets | $148.2M |
| Operating Margin | 7.7% |
| Debt-to-Asset Ratio | 16.2% |
| Months of Reserves | 55.2 months |
Financial Health Grade: A
In 2023, National Bureau Of Economic Research Inc reported a surplus of $3.2M with revenue exceeding expenses, holds 55.2 months of operating reserves (strong position), has a debt-to-asset ratio of 16.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), National Bureau Of Economic Research Inc's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.1% | +14.1% | +15.4% |
| 2022 | -23.0% | +0.3% | -13.9% |
| 2021 | +28.1% | -8.0% | +29.6% |
| 2020 | +5.9% | -3.5% | -0.8% |
| 2019 | -9.1% | -6.8% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1921 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates National Bureau Of Economic Research Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, National Bureau Of Economic Research Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization of this size with assets exceeding $200 million and annual revenues often above $40 million. This suggests that leadership may be compensated through other means not classified as 'officer compensation' or that the organization relies heavily on volunteer or externally funded leadership.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of National Bureau Of Economic Research Inc's IRS 990 filings:
- Unusually low reported officer compensation (0%) for an organization of this scale, which might warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for National Bureau Of Economic Research Inc:
- Strong and growing asset base, increasing from $130,700,412 in 2014 to $206,005,855 currently.
- Consistent positive net income in most years, indicating sound financial management and sustainability.
- Zero reported officer compensation across all filings, suggesting a high dedication to mission and efficient use of funds.
- Healthy revenue generation, with the latest reported revenue at $56,705,969.
- Low liabilities relative to assets, indicating a strong balance sheet (e.g., $28,682,127 liabilities vs. $176,832,918 assets in 2023).
Frequently Asked Questions about National Bureau Of Economic Research Inc
Is National Bureau Of Economic Research Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, National Bureau Of Economic Research Inc (EIN: 131641075) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does National Bureau Of Economic Research Inc spend its money?
National Bureau Of Economic Research Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to National Bureau Of Economic Research Inc tax-deductible?
National Bureau Of Economic Research Inc is registered as a tax-exempt nonprofit (EIN: 131641075). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the National Bureau Of Economic Research Inc CEO make?
National Bureau Of Economic Research Inc's highest-compensated officer earns $200 annually. The organization reported $56.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of National Bureau Of Economic Research Inc's spending goes to programs?
National Bureau Of Economic Research Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does National Bureau Of Economic Research Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), National Bureau Of Economic Research Inc is above average for NTEE category V220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is National Bureau Of Economic Research Inc located?
National Bureau Of Economic Research Inc is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 131641075. It is classified under NTEE code V220.
How many years of IRS 990 filings does National Bureau Of Economic Research Inc have?
National Bureau Of Economic Research Inc has 13 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 $56.7M in total revenue.
Is National Bureau Of Economic Research Inc a good charity?
Based on its financial data, NBER appears to be a very good charity. It consistently maintains strong financial health, has a growing asset base, and reports 0% officer compensation, suggesting a high dedication to its mission and efficient use of funds.
How has NBER's financial stability changed over the last decade?
NBER's financial stability has generally strengthened over the last decade. Its assets have grown from $130,700,412 in 2014 to $206,005,855 currently, and it has consistently managed to operate with a surplus in most years, indicating sound financial management.
What is the trend in NBER's revenue and expenses?
NBER's revenue has shown fluctuations but an overall upward trend, reaching $56,705,969 in the latest period. Expenses have also increased but generally remain below revenue, allowing for consistent surpluses, such as the $3,198,367 surplus in 2023 ($41,671,966 revenue - $38,473,599 expenses).
Filing History
IRS 990 filing history for National Bureau Of Economic Research Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), National Bureau Of Economic Research Inc's revenue has declined by 0.6%, moving from $41.9M to $41.7M. Total assets increased by 48.5% over the same period, from $119.0M to $176.8M. Total functional expenses rose by 5.7%, from $36.4M to $38.5M. In its most recent filing year (2023), National Bureau Of Economic Research Inc reported a surplus of $3.2M, with revenue exceeding expenses. The organization holds $28.7M in liabilities against $176.8M in assets (debt-to-asset ratio: 16.2%), resulting in net assets of $148.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41.7M | $38.5M | $176.8M | $28.7M | — | View 990 |
| 2022 | $42.1M | $33.7M | $153.2M | $15.3M | — | View 990 |
| 2021 | $54.8M | $33.6M | $178.0M | $15.0M | — | View 990 |
| 2020 | $42.7M | $36.5M | $137.4M | $14.5M | — | View 990 |
| 2019 | $40.4M | $37.9M | $138.5M | $12.6M | — | View 990 |
| 2018 | $44.4M | $40.6M | $136.3M | $13.3M | — | View 990 |
| 2017 | $40.9M | $39.5M | $128.7M | $12.6M | — | View 990 |
| 2016 | $33.3M | $34.0M | $118.8M | $13.2M | — | View 990 |
| 2015 | $35.7M | $33.0M | $123.9M | $14.0M | — | View 990 |
| 2014 | $39.7M | $35.7M | $130.7M | $14.9M | — | View 990 |
| 2013 | $39.2M | $36.4M | $117.7M | $16.0M | — | View 990 |
| 2012 | $40.0M | $38.4M | $111.6M | $17.8M | — | View 990 |
| 2011 | $41.9M | $36.4M | $119.0M | $19.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41.7M, expenses of $38.5M, and assets of $176.8M (revenue -1.1% year-over-year).
- 2022: Revenue of $42.1M, expenses of $33.7M, and assets of $153.2M (revenue -23.0% year-over-year).
- 2021: Revenue of $54.8M, expenses of $33.6M, and assets of $178.0M (revenue +28.1% year-over-year).
- 2020: Revenue of $42.7M, expenses of $36.5M, and assets of $137.4M (revenue +5.9% year-over-year).
- 2019: Revenue of $40.4M, expenses of $37.9M, and assets of $138.5M (revenue -9.1% year-over-year).
- 2018: Revenue of $44.4M, expenses of $40.6M, and assets of $136.3M (revenue +8.5% year-over-year).
- 2017: Revenue of $40.9M, expenses of $39.5M, and assets of $128.7M (revenue +22.9% year-over-year).
- 2016: Revenue of $33.3M, expenses of $34.0M, and assets of $118.8M (revenue -6.9% year-over-year).
- 2015: Revenue of $35.7M, expenses of $33.0M, and assets of $123.9M (revenue -10.1% year-over-year).
- 2014: Revenue of $39.7M, expenses of $35.7M, and assets of $130.7M (revenue +1.4% year-over-year).
- 2013: Revenue of $39.2M, expenses of $36.4M, and assets of $117.7M (revenue -2.1% year-over-year).
- 2012: Revenue of $40.0M, expenses of $38.4M, and assets of $111.6M (revenue -4.6% year-over-year).
- 2011: Revenue of $41.9M, expenses of $36.4M, and assets of $119.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Bureau Of Economic Research Inc:
Data Sources and Methodology
This transparency report for National Bureau Of Economic Research Inc 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.