Touro Law Center Development Foundation Inc

Analysis

Touro Law Center Development Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Touro Law Center Development Foundation Inc reported income of $268k and spending of $21k, leaving 92% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $249k to $268k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 224%. Over the whole period it spent 19% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Touro Law Center Development Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include American Friends of Heriot-Watt University ($268k), Computer Banc ($268k) and Germantown Community Scholarship Fund Inc ($268k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $4.9m against liabilities of $620k, net assets of $4.3m.