Institute for Law and Economic Policy Inc

Analysis

Institute for Law and Economic Policy Inc is a registered charity in United States, based in Jenkintown, PA. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Institute for Law and Economic Policy Inc reported income of $243k and spending of $231k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $243k (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 272%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute for Law and Economic Policy Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Fergus Falls Community Food Shelf Inc ($243k), Theatre Workshop of Owensboro Inc ($243k) and Western US Regional Council Inc ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $338k against liabilities of $20k, net assets of $317k.