National Review Institute
National Review Institute shows strong revenue growth and asset accumulation, with no reported officer compensation.
EIN: 133649537 · New York, NY · NTEE: Z99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.4M |
| Total Expenses | $7.7M |
| Program Spending | 75% |
| Net Assets | $12.4M |
| Transparency Score | 85/100 |
Is National Review Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Review Institute directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About National Review Institute
National Review Institute (EIN: 133649537) is a nonprofit organization based in New York, NY, classified under NTEE code Z99Z. The organization reported total revenue of $11.4M and total assets of $15.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Review Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Review Institute is a large nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 19.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.0M |
| Total Expenses | $7.7M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $15.4M |
| Total Liabilities | $2.9M |
| Net Assets | $12.4M |
| Operating Margin | 14.5% |
| Debt-to-Asset Ratio | 19.0% |
| Months of Reserves | 24.1 months |
Financial Health Grade: A
In 2024, National Review Institute reported a surplus of $1.3M with revenue exceeding expenses, holds 24.1 months of operating reserves (strong position), has a debt-to-asset ratio of 19.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), National Review Institute's revenue has grown at a compound annual growth rate (CAGR) of 19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +46.4% | +21.2% | -1.8% |
| 2023 | -3.6% | +9.2% | +21.9% |
| 2022 | +14.0% | +1.7% | -3.0% |
| 2021 | -19.2% | +2.0% | +5.7% |
| 2020 | +3.6% | -2.0% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1992 |
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 Review Institute with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, National Review Institute 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.0%.
Executive Compensation Analysis
Across all provided IRS 990 filings, National Review Institute consistently reports 0% officer compensation. This suggests that key officers either serve without compensation or their compensation is reported under other expense categories, which would require further scrutiny of the full 990 forms to understand fully.
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 Review Institute's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data, limiting full spending efficiency analysis.
Strengths
The following positive indicators were identified for National Review Institute:
- Strong and growing asset base, reaching $15,363,650 in 202407.
- Consistent reporting of 0% officer compensation across all provided filings.
- Significant revenue growth, with 202407 revenue at $8,950,350.
- Positive net income in the most recent filing period (202407), with revenue exceeding expenses.
- Healthy asset-to-expense ratio, indicating strong financial reserves.
Frequently Asked Questions about National Review Institute
Is National Review Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, National Review Institute (EIN: 133649537) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does National Review Institute spend its money?
National Review Institute directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to National Review Institute tax-deductible?
National Review Institute is registered as a tax-exempt nonprofit (EIN: 133649537). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of National Review Institute's spending goes to programs?
National Review Institute directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does National Review Institute compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), National Review Institute is above average for NTEE category Z99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is National Review Institute located?
National Review Institute is headquartered in New York, New York and files with the IRS under EIN 133649537. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does National Review Institute have?
National Review Institute 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 $11.4M in total revenue.
Is National Review Institute a good charity?
Based on the provided financial data, National Review Institute appears to be a financially stable organization with growing assets and a recent positive revenue trend. The consistent reporting of 0% officer compensation is a notable positive for donor confidence. However, without detailed functional expense breakdowns (program, admin, fundraising), a complete assessment of spending efficiency is limited.
How has National Review Institute's revenue trended?
National Review Institute's revenue has shown significant growth over the years, from $3,286,106 in 201507 to $8,950,350 in 202407, with the latest reported revenue for 202407 being $8,950,350, a substantial increase from the previous period's $6,112,877.
What is the organization's asset-to-expense ratio?
For the 202407 period, National Review Institute's assets were $15,363,650 and expenses were $7,653,600, resulting in an asset-to-expense ratio of approximately 2.01. This indicates the organization holds roughly two years of operating expenses in reserve, suggesting strong financial stability.
Filing History
IRS 990 filing history for National Review Institute showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), National Review Institute's revenue has grown by 940.9%, moving from $860K to $9.0M. Total assets increased by 386.7% over the same period, from $3.2M to $15.4M. Total functional expenses rose by 794.4%, from $856K to $7.7M. In its most recent filing year (2024), National Review Institute reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $2.9M in liabilities against $15.4M in assets (debt-to-asset ratio: 19.0%), resulting in net assets of $12.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $9.0M | $7.7M | $15.4M | $2.9M | — | View 990 |
| 2023 | $6.1M | $6.3M | $15.7M | $3.5M | — | View 990 |
| 2022 | $6.3M | $5.8M | $12.8M | $367K | — | View 990 |
| 2021 | $5.6M | $5.7M | $13.2M | $366K | — | View 990 |
| 2020 | $6.9M | $5.6M | $12.5M | $435K | — | View 990 |
| 2019 | $6.6M | $5.7M | $11.9M | $536K | — | View 990 |
| 2018 | $7.3M | $5.2M | $11.3M | $427K | — | View 990 |
| 2017 | $5.7M | $5.0M | $9.8M | $124K | — | View 990 |
| 2016 | $9.0M | $4.5M | $9.5M | $125K | — | View 990 |
| 2015 | $3.3M | $2.4M | $6.1M | $62K | — | View 990 |
| 2014 | $4.0M | $1.3M | $6.4M | $16K | — | View 990 |
| 2013 | $519K | $1.2M | $4.0M | $0 | — | View 990 |
| 2012 | $650K | $1.1M | $4.5M | $196K | — | View 990 |
| 2011 | $860K | $856K | $3.2M | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $9.0M, expenses of $7.7M, and assets of $15.4M (revenue +46.4% year-over-year).
- 2023: Revenue of $6.1M, expenses of $6.3M, and assets of $15.7M (revenue -3.6% year-over-year).
- 2022: Revenue of $6.3M, expenses of $5.8M, and assets of $12.8M (revenue +14.0% year-over-year).
- 2021: Revenue of $5.6M, expenses of $5.7M, and assets of $13.2M (revenue -19.2% year-over-year).
- 2020: Revenue of $6.9M, expenses of $5.6M, and assets of $12.5M (revenue +3.6% year-over-year).
- 2019: Revenue of $6.6M, expenses of $5.7M, and assets of $11.9M (revenue -9.5% year-over-year).
- 2018: Revenue of $7.3M, expenses of $5.2M, and assets of $11.3M (revenue +29.0% year-over-year).
- 2017: Revenue of $5.7M, expenses of $5.0M, and assets of $9.8M (revenue -37.0% year-over-year).
- 2016: Revenue of $9.0M, expenses of $4.5M, and assets of $9.5M (revenue +174.9% year-over-year).
- 2015: Revenue of $3.3M, expenses of $2.4M, and assets of $6.1M (revenue -17.1% year-over-year).
- 2014: Revenue of $4.0M, expenses of $1.3M, and assets of $6.4M (revenue +663.0% year-over-year).
- 2013: Revenue of $519K, expenses of $1.2M, and assets of $4.0M (revenue -20.0% year-over-year).
- 2012: Revenue of $650K, expenses of $1.1M, and assets of $4.5M (revenue -24.5% year-over-year).
- 2011: Revenue of $860K, expenses of $856K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Review Institute:
Data Sources and Methodology
This transparency report for National Review Institute 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.