Proprietors of the Social Law Library

Analysis

Proprietors of the Social Law Library is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1939, 87 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Proprietors of the Social Law Library reported income of $6.7m and spending of $5.9m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.0m to $6.7m (+13%), an average of +3.2% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Proprietors of the Social Law Library sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Psi World ($6.7m), Northwest Community Hospital Foundation ($6.8m) and Toledo Christian Schools Incorporated ($6.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $315k (5.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $11.8m against liabilities of $2.1m, net assets of $9.7m. It reported 32 employees.