Fashion Law Institute

Analysis

Fashion Law Institute is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2012, 14 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, Fashion Law Institute reported income of $113k and spending of $107k, spending 95% of its income. Across the 3 years on record, from June 2019 to June 2023, income fell from $203k to $113k (-45%), an average of -26% a year. The sharpest change came in the year to June 2023, when income rose by 175%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fashion Law Institute sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Society of Biological Inorganic Chemistry ($113k), Rapid City Library Foundation Inc ($113k) and Cornerstone Tutorial Inc ($113k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.