Theodore F Jenkins Memorial Law Library Company

Analysis

Theodore F Jenkins Memorial Law Library Company is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1967, 59 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, Theodore F Jenkins Memorial Law Library Company reported income of $4.6m and spending of $4.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $4.6m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 30%. 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, Theodore F Jenkins Memorial Law Library Company sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Iowa Western Community College Foundation ($4.6m), Ball Charter Schools Val Vista ($4.6m) and Community Christian Academy ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $283k (6.5% of expenses). Other salaries and wages came to $704k. At year end it held assets of $17.1m against liabilities of $6.1m, net assets of $11.0m. It reported 19 employees.