Lawyers Trust Fund of Illinois

Analysis

Lawyers Trust Fund of Illinois is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1983, 43 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lawyers Trust Fund of Illinois reported income of $28.7m and spending of $18.4m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.4m to $28.7m (+86%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 111%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lawyers Trust Fund of Illinois sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Campus Facilities Improvement Association ($28.6m), Jewish Federation of Greater Metrowest NJ ($28.9m) and Houston Parks Board ($28.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $217k (1.2% of expenses). Other salaries and wages came to $399k. At year end it held assets of $34.4m against liabilities of $8.0m, net assets of $26.5m. It reported 5 employees.