Thomas M Cooley Law School

Analysis

Thomas M Cooley Law School is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in January 1974, 52 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 August 2023, Thomas M Cooley Law School reported income of $23.6m and spending of $35.8m, spending 152% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $61.5m to $23.6m (-62%), an average of -21% a year. The sharpest change came in the year to August 2021, when income dropped by 37%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas M Cooley Law School sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Emporia State University Foundation ($23.6m), Long Beach State Foundation ($23.6m) and Educause ($23.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 4.0% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $1.9m (5.2% of expenses). Other salaries and wages came to $11.4m. It paid $53k in professional fundraising fees. At year end it held assets of $112.5m against liabilities of $65.8m, net assets of $46.6m. It reported 360 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.