Lawyers Concerned for Lawyers Inc

Analysis

Lawyers Concerned for Lawyers Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in November 1984, 42 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 August 2023, Lawyers Concerned for Lawyers Inc reported income of $2.1m and spending of $2.2m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.6m to $2.1m (+31%), an average of +7.1% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lawyers Concerned for Lawyers Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Peconic Landing at Southold Inc ($2.1m), Southwire Cares Inc ($2.1m) and White Bear Lake Area Hockey Association ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $221k (10% of expenses). Other salaries and wages came to $901k. At year end it held assets of $3.4m against liabilities of $1.8m, net assets of $1.6m. It reported 12 employees.