Massachusetts Continuing Legal Education Inc

Analysis

Massachusetts Continuing Legal Education Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1969, 57 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 August 2023, Massachusetts Continuing Legal Education Inc reported income of $5.4m and spending of $5.1m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $5.6m to $5.4m (-5.0%), an average of -1.3% a year. The sharpest change came in the year to August 2021, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massachusetts Continuing Legal Education Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include T M M Family Services Inc ($5.4m), United Way of Central and Southern Utah ($5.4m) and Northern California Indian Development Council Inc ($5.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $167k (3.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $16.1m against liabilities of $1.7m, net assets of $14.3m. It reported 36 employees.