National Bureau of Economic Research Inc

Analysis

National Bureau of Economic Research Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in March 1921, 105 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 June 2023, National Bureau of Economic Research Inc reported income of $41.7m and spending of $38.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $40.4m to $41.7m (+3.3%), an average of +0.8% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Bureau of Economic Research Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Navy Seal Foundation Inc ($41.5m), Mann Center for the Performing Arts ($41.7m) and Fox Theatre Inc ($41.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $2.5m (6.5% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $176.8m against liabilities of $28.7m, net assets of $148.2m. It reported 525 employees.