New York Lawyers for the Public Interest Inc

Analysis

New York Lawyers for the Public Interest Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1978, 48 years ago. 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 May 2023, New York Lawyers for the Public Interest Inc reported income of $5.0m and spending of $5.9m, spending 119% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $4.5m to $5.0m (+9.3%), an average of +2.3% a year. The sharpest change came in the year to May 2021, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Lawyers for the Public Interest 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 89th percentile within NY. Charities of a similar size with the same main cause include South Carolina State University Foundation Inc ($5.0m), Hoisting & Portable Engineers Local No 4 Apprenticeship & Training FND ($5.0m) and Rex Healthcare Inc ($4.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 99% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $303k (5.1% of expenses). Other salaries and wages came to $3.0m. It paid $60k in professional fundraising fees. At year end it held assets of $13.1m against liabilities of $5.3m, net assets of $7.8m. It reported 31 employees.