Nathan and Henry B Cleaves Law Library

Analysis

Nathan and Henry B Cleaves Law Library is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in March 1997, 29 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, Nathan and Henry B Cleaves Law Library reported income of $221k and spending of $221k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $273k to $221k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nathan and Henry B Cleaves Law Library sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 49th percentile within ME. Charities of a similar size with the same main cause include Blanche Johnson Trust ($221k), Central Jersey Rider Training Inc ($221k) and Incremental Development Alliance ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $66k (30% of expenses). Other salaries and wages came to $420. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m. It reported 2 employees.