Trial Lawyers College

Analysis

Trial Lawyers College is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1998, 28 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 2022, Trial Lawyers College reported income of $1.4m and spending of $3.1m, spending 222% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.9m to $1.4m (-28%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 153% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trial Lawyers College 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 83rd percentile within NC. Charities of a similar size with the same main cause include LA Scuola D Italia Galileo Galilei ($1.4m), Sounds of Success Preschool and Learning Center ($1.4m) and E3 School Support Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 19% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $173k (5.6% of expenses). Other salaries and wages came to $51k. At year end it held assets of $5.2m against liabilities of $148k, net assets of $5.1m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.