American College of Real Estate Lawyers

Analysis

American College of Real Estate Lawyers is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in January 2023, 3 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, American College of Real Estate Lawyers reported income of $1.4m and spending of $1.2m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.4m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American College of Real Estate Lawyers sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Blue Ridge Partnership for Children ($1.4m), Jefferson Community and Technical College Foundation Inc ($1.4m) and Guilford Technical Community College Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $270k (22% of expenses). At year end it held assets of $1.7m against liabilities of $561k, net assets of $1.2m. It reported 2 employees.