American Association of Law Libraries

Analysis

American Association of Law Libraries is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1944, 82 years ago. 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 September 2023, American Association of Law Libraries reported income of $4.1m and spending of $3.2m, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.0m to $4.1m (+2.5%), an average of +0.6% a year. The sharpest change came in the year to September 2020, when income dropped by 41%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Association of Law Libraries sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Sandhills School ($4.1m), Canyon State Academy Inc ($4.1m) and Marshalltown Young Mens Christian Association-Ywca ($4.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $294k (9.1% of expenses). Other salaries and wages came to $574k. At year end it held assets of $9.5m against liabilities of $1.1m, net assets of $8.4m. It reported 10 employees.