Mid South Commercial Law Institute

Analysis

Mid South Commercial Law Institute is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 1979, 47 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 February 2024, Mid South Commercial Law Institute reported income of $120k and spending of $258k, spending 215% of what it took in. Across the 2 years on record, from February 2023 to February 2024, income grew from $114k to $120k (+5.1%), an average of +5.1% a year. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid South Commercial Law Institute sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include East Hill Neighborhood Association ($120k), Wat Oakland Buddhadhammadharao ($120k) and Davenport Central Band Parents Assn Inc ($120k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 35% and program service revenue 63% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.