Norfolk Law Library

Analysis

Norfolk Law Library is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Norfolk Law Library reported income of $206k and spending of $190k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $197k to $206k (+4.9%), an average of +1.6% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Norfolk Law Library sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within VA. Charities of a similar size with the same main cause include Desert Mountain High School Student Athletic and Activity Booster Orga ($206k), St Andrews Academy ($206k) and Someone Who Cares Inc ($206k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $49k (26% of expenses). Other salaries and wages came to $41k. At year end it held assets of $1.9m against liabilities of $903, net assets of $1.9m. It reported 3 employees.