Public Interest Patent Law Institute

Analysis

Public Interest Patent Law Institute is a registered charity in United States, based in LA Quinta, CA. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Public Interest Patent Law Institute reported income of $115k and spending of $101k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $300k to $115k (-62%), an average of -62% a year. The sharpest change came in the year to December 2023, when income dropped by 62%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Public Interest Patent Law Institute sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include European Rural Heritage Institute ($115k), American First Day Cover Society Inc ($115k) and The Society Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $221k against liabilities of $0, net assets of $221k.