Institute for Corporate Counsel

Analysis

Institute for Corporate Counsel is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1982, 44 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 May 2024, Institute for Corporate Counsel reported income of $143k and spending of $186k, spending 130% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $213k to $143k (-33%), an average of -9.6% a year. The sharpest change came in the year to May 2021, when income dropped by 44%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute for Corporate Counsel sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Brecksville-Broadview Heights Parent School Organization ($143k), Charlie McClendon Scholarship ($143k) and Vaquero Instrumental Music Boosters ($143k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $156k against liabilities of $0, net assets of $156k.

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.