National Math And Science Initiative Inc
National Math And Science Initiative Inc shows fluctuating revenue and expenses, with recent operating deficits and declining assets.
EIN: 113769438 · Houston, TX · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.3M |
| Total Expenses | $22.1M |
| Program Spending | 75% |
| Net Assets | $27.2M |
| Transparency Score | 70/100 |
Is National Math And Science Initiative Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Math And Science Initiative Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About National Math And Science Initiative Inc
National Math And Science Initiative Inc (EIN: 113769438) is a nonprofit organization based in Houston, TX, classified under NTEE code B99. The organization reported total revenue of $13.3M and total assets of $25.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Math And Science Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Math And Science Initiative Inc is a large nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27.8M |
| Total Expenses | $22.1M |
| Surplus / Deficit | +$5.7M |
| Total Assets | $28.3M |
| Total Liabilities | $1.1M |
| Net Assets | $27.2M |
| Operating Margin | 20.6% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 15.4 months |
Financial Health Grade: A
In 2023, National Math And Science Initiative Inc reported a surplus of $5.7M with revenue exceeding expenses, holds 15.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), National Math And Science Initiative Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.0% | +2.9% | +25.7% |
| 2022 | -32.7% | -21.0% | -14.1% |
| 2021 | -21.0% | -25.9% | -10.4% |
| 2020 | -19.0% | -18.9% | -8.6% |
| 2019 | +15.3% | -2.0% | -14.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Math And Science Initiative Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, National Math And Science Initiative Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $5.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all provided filings, suggesting that top officers are not directly compensated by the organization, which is a positive indicator for resource allocation.
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 Math And Science Initiative Inc's IRS 990 filings:
- Consistent operating deficits in multiple recent years (e.g., 2017-2022), indicating expenses frequently exceeded revenue.
- Significant decline in total assets from $51.69 million in 2016 to $28.31 million in 2023, reducing financial reserves.
- Volatile revenue stream, with a substantial drop from $40.63 million in 2019 to $17.50 million in 2022, impacting predictability.
Strengths
The following positive indicators were identified for National Math And Science Initiative Inc:
- Consistent reporting of 0% officer compensation, indicating strong transparency in this area.
- Long history of IRS 990 filings (14 filings), demonstrating commitment to public disclosure.
- Positive net income in the most recent filing (2023), showing a recent recovery in financial performance.
Frequently Asked Questions about National Math And Science Initiative Inc
Is National Math And Science Initiative Inc a legitimate charity?
National Math And Science Initiative Inc (EIN: 113769438) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $13.3M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does National Math And Science Initiative Inc spend its money?
National Math And Science Initiative Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to National Math And Science Initiative Inc tax-deductible?
National Math And Science Initiative Inc is registered as a tax-exempt nonprofit (EIN: 113769438). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of National Math And Science Initiative Inc's spending goes to programs?
National Math And Science Initiative Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does National Math And Science Initiative Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), National Math And Science Initiative Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is National Math And Science Initiative Inc located?
National Math And Science Initiative Inc is headquartered in Houston, Texas and files with the IRS under EIN 113769438. It is classified under NTEE code B99.
How many years of IRS 990 filings does National Math And Science Initiative Inc have?
National Math And Science Initiative Inc has 14 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 $13.3M in total revenue.
Is National Math And Science Initiative Inc financially stable?
While NMSI had a positive net income in 2023, it experienced operating deficits in several preceding years (e.g., 2022, 2021, 2020, 2019, 2018, 2017). Its assets have also decreased from a high of $51.69 million in 2016 to $28.31 million in 2023, indicating a reduction in reserves. Long-term stability requires consistent revenue generation to cover expenses.
How has the organization's revenue trended over time?
NMSI's revenue has shown significant fluctuations, peaking at $53.11 million in 2015 and $40.63 million in 2019, but dropping to $17.50 million in 2022 before recovering to $27.82 million in 2023. This volatility suggests an inconsistent funding base.
What is the trend in the organization's assets?
The organization's assets have generally declined since 2016, when they were $51.69 million. By 2023, assets stood at $28.31 million, representing a significant reduction in its financial holdings over this period.
Is executive compensation a concern for this organization?
Based on the provided data, 'Officer Comp' is consistently reported as 0% across all filings, which suggests that executive compensation is not a direct financial burden or is reported under other categories, indicating good transparency in this specific metric.
Filing History
IRS 990 filing history for National Math And Science Initiative Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), National Math And Science Initiative Inc's revenue has declined by 14.9%, moving from $32.7M to $27.8M. Total assets increased by 151.6% over the same period, from $11.2M to $28.3M. Total functional expenses fell by 33.4%, from $33.2M to $22.1M. In its most recent filing year (2023), National Math And Science Initiative Inc reported a surplus of $5.7M, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $28.3M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $27.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27.8M | $22.1M | $28.3M | $1.1M | — | — |
| 2022 | $17.5M | $21.5M | $22.5M | $1.9M | — | — |
| 2021 | $26.0M | $27.2M | $26.2M | $1.8M | — | View 990 |
| 2020 | $32.9M | $36.7M | $29.2M | $3.6M | — | — |
| 2019 | $40.6M | $45.2M | $32.0M | $2.7M | — | View 990 |
| 2018 | $35.2M | $46.1M | $37.5M | $4.0M | — | View 990 |
| 2017 | $36.2M | $41.1M | $48.1M | $3.9M | — | View 990 |
| 2016 | $39.3M | $36.5M | $51.7M | $2.8M | — | View 990 |
| 2015 | $53.1M | $35.1M | $49.7M | $3.6M | — | View 990 |
| 2014 | $38.1M | $30.8M | $30.8M | $2.8M | — | View 990 |
| 2013 | $55.8M | $49.0M | $23.2M | $2.4M | — | View 990 |
| 2012 | $34.7M | $39.5M | $18.0M | $4.0M | — | View 990 |
| 2011 | $18.7M | $12.0M | $11.0M | $978K | — | View 990 |
| 2011 | $32.7M | $33.2M | $11.2M | $8.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27.8M, expenses of $22.1M, and assets of $28.3M (revenue +59.0% year-over-year).
- 2022: Revenue of $17.5M, expenses of $21.5M, and assets of $22.5M (revenue -32.7% year-over-year).
- 2021: Revenue of $26.0M, expenses of $27.2M, and assets of $26.2M (revenue -21.0% year-over-year).
- 2020: Revenue of $32.9M, expenses of $36.7M, and assets of $29.2M (revenue -19.0% year-over-year).
- 2019: Revenue of $40.6M, expenses of $45.2M, and assets of $32.0M (revenue +15.3% year-over-year).
- 2018: Revenue of $35.2M, expenses of $46.1M, and assets of $37.5M (revenue -2.5% year-over-year).
- 2017: Revenue of $36.2M, expenses of $41.1M, and assets of $48.1M (revenue -7.9% year-over-year).
- 2016: Revenue of $39.3M, expenses of $36.5M, and assets of $51.7M (revenue -26.0% year-over-year).
- 2015: Revenue of $53.1M, expenses of $35.1M, and assets of $49.7M (revenue +39.6% year-over-year).
- 2014: Revenue of $38.1M, expenses of $30.8M, and assets of $30.8M (revenue -31.8% year-over-year).
- 2013: Revenue of $55.8M, expenses of $49.0M, and assets of $23.2M (revenue +60.6% year-over-year).
- 2012: Revenue of $34.7M, expenses of $39.5M, and assets of $18.0M (revenue +85.9% year-over-year).
- 2011: Revenue of $18.7M, expenses of $12.0M, and assets of $11.0M (revenue -42.8% year-over-year).
- 2011: Revenue of $32.7M, expenses of $33.2M, and assets of $11.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Math And Science Initiative Inc:
Data Sources and Methodology
This transparency report for National Math And Science Initiative 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.