American Society for Pharmacy Law

Analysis

American Society for Pharmacy Law is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 1982, 44 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 December 2023, American Society for Pharmacy Law reported income of $332k and spending of $351k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $294k to $332k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Society for Pharmacy Law sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Villages of San Mateo County ($332k), YWCA Westfield Ny ($332k) and National Preservation Institute ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 96% of the total. At year end it held assets of $527k against liabilities of $44k, net assets of $483k.