Albany Law School

Analysis

Albany Law School is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in August 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Albany Law School reported income of $38.6m and spending of $44.2m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $40.8m to $38.6m (-5.6%), an average of -1.4% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albany Law School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include After School Matters Inc ($38.5m), Isidore Newman School ($38.6m) and University School of Milwaukee Corporation ($38.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.2m (2.8% of expenses). Other salaries and wages came to $11.9m. It paid $9,040 in professional fundraising fees. At year end it held assets of $105.6m against liabilities of $13.3m, net assets of $92.3m. It reported 445 employees.