Practising Law Institute

Analysis

Practising Law Institute is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1940, 86 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Practising Law Institute reported income of $114.8m and spending of $104.4m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $83.4m to $114.8m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Practising Law Institute sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Florida Charter Educational Foundation Inc ($114.6m), Drury University ($114.8m) and Samuel Merritt University ($113.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $5.9m (5.7% of expenses). Other salaries and wages came to $34.0m. At year end it held assets of $202.3m against liabilities of $102.9m, net assets of $99.4m. It reported 340 employees.