New York Law Institute

Analysis

New York Law Institute is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1943, 83 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2023, New York Law Institute reported income of $1.8m and spending of $1.9m, spending 106% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $1.9m to $1.8m (-1.8%), an average of -0.4% a year. The sharpest change came in the year to April 2022, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York Law Institute sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include 3 Stages Learning Center Inc ($1.8m), Cass District Library ($1.8m) and Entrenous Community Empowerment Inc ($1.8m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 0.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $194k (10.0% of expenses). Other salaries and wages came to $548k. At year end it held assets of $10.4m against liabilities of $1.2m, net assets of $9.2m. It reported 8 employees.