Legal Counsel for the Elderly

Analysis

Legal Counsel for the Elderly is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Legal Counsel for the Elderly reported income of $10.1m and spending of $8.8m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.5m to $10.1m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 794%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legal Counsel for the Elderly sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 87th percentile within DC. Charities of a similar size with the same main cause include American Statistical Association ($10.1m), San Diego French-American School ($10.1m) and FSL Pathways ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $291k (3.3% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $90.0m against liabilities of $2.0m, net assets of $87.9m. It reported 80 employees.