National Association of REALTORS®
Legal name: National Association of Realtors
Nonprofit profile at a glance
- EIN
- 361520690
- IRS 990 coverage
- 2024–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-N 2007
- Location
- Chicago, IL, US
- Phone
- 1-800-874-6500
- Rating confidence
- Limited
Reported finances
- Revenue
- $360,812,686
- Expenses
- $350,096,407
- Assets
- $1,078,254,728
- Liabilities
- $690,882,586
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1329 people listed
Executive titles in this filing
- KEVIN C BROWN (First Vice President)
- KEVIN SEARS (NAR President (BEG 1/08/2024))
- LESLIE ROUDA-SMITH (Past President Twice-Removed)
- TRACY KASPER (NAR President (THRU 1/08/2024))
- ADAM KIRKHAM (State President (THRU 11/30/2024))
- AIXA MALAVE LOPEZ (State President (THRU 11/30/2024))
Highest reported compensation
- NYKIA WRIGHT (CEO): $2,550,257 total reported compensation
- MARK BIRSCHBACH (SVP, Strategic Business Innovation and Technology): $1,319,410 total reported compensation
- SHANNON MCGAHN (CHIEF ADVOCACY OFFICER): $1,221,565 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The National Association of REALTORS® is an American trade association involved in all aspects of residential and commercial real estate.
What it reported doing in 2024
A broad-based perspective on the value of real property ownership and the impact on families, communities and the economy informs NAR's advocacy work. Accordingly, NAR supports public policy issues that enhance housing affordability and increase access to homeowenership for people of all backgrounds and income levels. The association's websites host tools and resources for members to best counsel home buyers and sellers, feature information about the value of property ownership, consumer guides that allow consumers to do their own research, and portals that help buyers and sellers find agents who are REALTORS.
Operating model
- Revenue model
- Other-operating. 95% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 71
- Accountability: 95
- Sustainability: 52
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 4th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 95.9%; rating input score 96; 29th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 99.5%; rating input score 100; 54th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 3.08; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 3%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- What they do: 7 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 1004 of 1009 board members independent · 8 of 9 filing controls reported
- Programs: 5 filed program accomplishments
- Leadership: top reported pay $2.6M · 1329 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $78.8M reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes foreign activity, grants, executive pay, and related organizations
- Contacts: How to reach this organization
- Money network: 314 filed money-flow records
- Related organizations: 311 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Moderate — Sustainability: Operating margin scored 47/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 26/100.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.