National Math and Science Initiative Inc

Analysis

National Math and Science Initiative Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Math and Science Initiative Inc reported income of $27.8m and spending of $22.1m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $40.6m to $27.8m (-32%), an average of -9.0% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Math and Science Initiative Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Navigator Schools ($27.8m), King-Chavez Academy of Excellence ($27.8m) and Roseland Charter School ($27.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $1.1m (4.9% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $28.3m against liabilities of $1.1m, net assets of $27.2m. It reported 304 employees.