National Multiple Sclerosis Society
National Multiple Sclerosis Society reports a $23 million deficit in its latest fiscal period, despite substantial assets.
EIN: 135661935 · New York, NY · NTEE: G500 · Updated: 2026-03-28
Is National Multiple Sclerosis Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Multiple Sclerosis Society directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About National Multiple Sclerosis Society
National Multiple Sclerosis Society (EIN: 135661935) is a nonprofit organization based in New York, NY, classified under NTEE code G500. The organization reported total revenue of $213.1M and total assets of $201.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Multiple Sclerosis Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates National Multiple Sclerosis Society with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, National Multiple Sclerosis Society allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The consistent reporting of 'Officer Comp=0%' across all IRS 990 filings is highly unusual for an organization of this size and revenue, suggesting executive compensation may be reported under different categories or through related entities, which could obscure a clear understanding of top executive pay.
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 Multiple Sclerosis Society's IRS 990 filings:
- Consistent reporting of 'Officer Comp=0%' on 990s, which is unusual for a large nonprofit and may obscure executive compensation details.
- Significant deficit in the latest fiscal period (202309), with expenses exceeding revenue by over $23 million.
- Fluctuating revenue trends, with a notable drop from $196 million in 2019 to $149 million in 2023.
Strengths
The following positive indicators were identified for National Multiple Sclerosis Society:
- Maintains substantial assets, with $184,229,514 in 2023, providing financial stability.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance.
- Demonstrated ability to manage significant financial operations over many years.
Frequently Asked Questions about National Multiple Sclerosis Society
Is National Multiple Sclerosis Society a legitimate charity?
Based on AI analysis of IRS 990 filings, National Multiple Sclerosis Society (EIN: 135661935) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does National Multiple Sclerosis Society spend its money?
National Multiple Sclerosis Society directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to National Multiple Sclerosis Society tax-deductible?
National Multiple Sclerosis Society is registered as a tax-exempt nonprofit (EIN: 135661935). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why is 'Officer Comp=0%' consistently reported on all 990 filings for an organization of this scale?
This requires further investigation into the organization's specific compensation structures and reporting practices, as it's uncommon for a large nonprofit to report no officer compensation.
What caused the $23 million deficit in the 2023 fiscal period?
The 2023 filing shows expenses of $172,885,857 against revenues of $149,451,246. A detailed breakdown of expenses would be needed to understand if this was due to increased program spending, administrative costs, or a decline in specific revenue streams.
How does the organization plan to address the recent deficit spending?
While the organization has substantial assets ($184,229,514 in 2023), sustained deficits could impact long-term financial health. The organization's strategy for balancing future budgets would be important to understand.
Filing History
IRS 990 filing history for National Multiple Sclerosis Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), National Multiple Sclerosis Society's revenue has grown by 53.7%, moving from $97.2M to $149.5M. Total assets increased by 142.3% over the same period, from $76.0M to $184.2M. Total functional expenses rose by 76.1%, from $98.1M to $172.9M. In its most recent filing year (2023), National Multiple Sclerosis Society reported a deficit of $23.4M, with expenses exceeding revenue. The organization holds $74.7M in liabilities against $184.2M in assets (debt-to-asset ratio: 40.5%), resulting in net assets of $109.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $149.5M | $172.9M | $184.2M | $74.7M | — | — |
| 2022 | $171.9M | $159.7M | $185.5M | $61.1M | — | View 990 |
| 2021 | $146.4M | $138.4M | $201.5M | $67.3M | — | — |
| 2020 | $155.2M | $158.6M | $173.4M | $57.6M | — | — |
| 2019 | $196.9M | $181.3M | $184.7M | $66.1M | — | View 990 |
| 2018 | $196.6M | $176.1M | $174.8M | $70.3M | — | View 990 |
| 2017 | $181.2M | $185.5M | $156.0M | $73.5M | — | View 990 |
| 2016 | $108.4M | $117.5M | $110.3M | $86.3M | — | View 990 |
| 2015 | $113.6M | $117.3M | $120.8M | $94.4M | — | View 990 |
| 2014 | $116.0M | $108.8M | $104.3M | $71.9M | — | View 990 |
| 2013 | $105.7M | $104.3M | $87.1M | $59.8M | — | View 990 |
| 2012 | $99.5M | $101.1M | $78.4M | $53.3M | — | View 990 |
| 2011 | $97.2M | $98.1M | $76.0M | $51.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $149.5M, expenses of $172.9M, and assets of $184.2M (revenue -13.1% year-over-year).
- 2022: Revenue of $171.9M, expenses of $159.7M, and assets of $185.5M (revenue +17.4% year-over-year).
- 2021: Revenue of $146.4M, expenses of $138.4M, and assets of $201.5M (revenue -5.7% year-over-year).
- 2020: Revenue of $155.2M, expenses of $158.6M, and assets of $173.4M (revenue -21.2% year-over-year).
- 2019: Revenue of $196.9M, expenses of $181.3M, and assets of $184.7M (revenue +0.2% year-over-year).
- 2018: Revenue of $196.6M, expenses of $176.1M, and assets of $174.8M (revenue +8.4% year-over-year).
- 2017: Revenue of $181.2M, expenses of $185.5M, and assets of $156.0M (revenue +67.1% year-over-year).
- 2016: Revenue of $108.4M, expenses of $117.5M, and assets of $110.3M (revenue -4.5% year-over-year).
- 2015: Revenue of $113.6M, expenses of $117.3M, and assets of $120.8M (revenue -2.1% year-over-year).
- 2014: Revenue of $116.0M, expenses of $108.8M, and assets of $104.3M (revenue +9.7% year-over-year).
- 2013: Revenue of $105.7M, expenses of $104.3M, and assets of $87.1M (revenue +6.3% year-over-year).
- 2012: Revenue of $99.5M, expenses of $101.1M, and assets of $78.4M (revenue +2.4% year-over-year).
- 2011: Revenue of $97.2M, expenses of $98.1M, and assets of $76.0M.
Data Sources and Methodology
This transparency report for 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.