Albany Law School
Albany Law School faces recurring operating deficits despite stable asset base.
EIN: 141338309 · Albany, NY · NTEE: B500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $60.5M |
| Total Expenses | $44.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $40 |
| Net Assets | $92.3M |
| Transparency Score | 70/100 |
Is Albany Law School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albany Law School directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Albany Law School
Albany Law School (EIN: 141338309) is a nonprofit organization based in Albany, NY, classified under NTEE code B500. The organization reported total revenue of $60.5M and total assets of $107.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albany Law School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Albany Law School is a major nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38.6M |
| Total Expenses | $44.2M |
| Surplus / Deficit | $-5,607,464 |
| Total Assets | $105.6M |
| Total Liabilities | $13.3M |
| Net Assets | $92.3M |
| Operating Margin | -14.5% |
| Debt-to-Asset Ratio | 12.6% |
| Months of Reserves | 28.7 months |
Financial Health Grade: B
In 2023, Albany Law School reported a deficit of $5.6M with expenses exceeding revenue, holds 28.7 months of operating reserves (strong position), has a debt-to-asset ratio of 12.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Albany Law School's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.5% | +10.0% | +0.6% |
| 2022 | -2.5% | +9.4% | -14.3% |
| 2021 | +17.1% | +8.1% | +13.3% |
| 2020 | -16.0% | +4.8% | +-0.0% |
| 2019 | +0.9% | +14.5% | +11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Albany Law School with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Albany Law School allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.6%.
Executive Compensation Analysis
Albany Law School consistently reports 0% for officer compensation across all available filings, which is highly unusual for an organization of its size with over $40 million in annual expenses. This suggests that either the top leadership is uncompensated, or their compensation is reported under different categories, warranting further investigation for a complete understanding of executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Albany Law School's IRS 990 filings:
- Recurring operating deficits (e.g., $5.6M in 2023, $1M in 2022)
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further scrutiny.
Strengths
The following positive indicators were identified for Albany Law School:
- Strong and stable asset base, consistently over $100 million in recent years ($105,565,802 in 2023), indicating financial resilience.
- Significant revenue generation, with latest reported revenue at $60,460,506, demonstrating capacity for fundraising and program fees.
Frequently Asked Questions about Albany Law School
Is Albany Law School a legitimate charity?
Albany Law School (EIN: 141338309) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $60.5M. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Albany Law School spend its money?
Albany Law School directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Albany Law School tax-deductible?
Albany Law School is registered as a tax-exempt nonprofit (EIN: 141338309). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Albany Law School CEO make?
Albany Law School's highest-compensated officer earns $40 annually. The organization reported $60.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Albany Law School's spending goes to programs?
Albany Law School directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Albany Law School compare to similar nonprofits?
With a transparency score of 70/100 (Good), Albany Law School is above average for NTEE category B500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Albany Law School located?
Albany Law School is headquartered in Albany, New York and files with the IRS under EIN 141338309. It is classified under NTEE code B500.
How many years of IRS 990 filings does Albany Law School have?
Albany Law School has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $60.5M in total revenue.
How does Albany Law School cover its operating deficits, such as the $5.6 million deficit in 2023?
The consistent operating deficits, like the $5,607,464 deficit in 2023 ($44,162,845 expenses vs. $38,555,381 revenue), suggest reliance on non-operating income, such as investment returns from its substantial assets, or draws from its endowment to cover operational costs.
Why is officer compensation consistently reported as 0% on the IRS 990 filings?
Reporting 0% for officer compensation for an institution of this size is highly unusual. It could mean that the highest-ranking individuals are compensated through a related entity, or their compensation is categorized differently on the 990, or they are genuinely uncompensated, which would require further clarification to understand the full compensation structure.
What is the long-term strategy for addressing the recurring operational deficits?
With expenses exceeding revenue in multiple recent periods (e.g., 2023, 2022, 2017, 2016, 2015), Albany Law School needs a clear strategy to either increase revenue streams or reduce expenses to achieve sustainable operational profitability without relying heavily on non-operating income.
Filing History
IRS 990 filing history for Albany Law School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Albany Law School's revenue has grown by 6.9%, moving from $36.1M to $38.6M. Total assets increased by 19.9% over the same period, from $88.1M to $105.6M. Total functional expenses rose by 41.5%, from $31.2M to $44.2M. In its most recent filing year (2023), Albany Law School reported a deficit of $5.6M, with expenses exceeding revenue. The organization holds $13.3M in liabilities against $105.6M in assets (debt-to-asset ratio: 12.6%), resulting in net assets of $92.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38.6M | $44.2M | $105.6M | $13.3M | — | View 990 |
| 2022 | $39.2M | $40.1M | $104.9M | $13.7M | — | View 990 |
| 2021 | $40.2M | $36.7M | $122.5M | $15.6M | — | View 990 |
| 2020 | $34.3M | $34.0M | $108.1M | $16.8M | — | View 990 |
| 2019 | $40.8M | $32.4M | $108.1M | $17.8M | — | View 990 |
| 2018 | $40.5M | $28.3M | $96.7M | $17.8M | — | View 990 |
| 2017 | $23.6M | $26.3M | $97.9M | $18.4M | — | View 990 |
| 2016 | $24.8M | $25.3M | $98.3M | $20.8M | — | View 990 |
| 2015 | $25.8M | $26.6M | $102.0M | $21.6M | — | View 990 |
| 2014 | $30.4M | $30.0M | $105.0M | $23.8M | — | View 990 |
| 2013 | $31.5M | $28.7M | $97.2M | $23.7M | — | View 990 |
| 2012 | $34.7M | $31.3M | $90.5M | $24.1M | — | View 990 |
| 2011 | $36.1M | $31.2M | $88.1M | $23.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38.6M, expenses of $44.2M, and assets of $105.6M (revenue -1.5% year-over-year).
- 2022: Revenue of $39.2M, expenses of $40.1M, and assets of $104.9M (revenue -2.5% year-over-year).
- 2021: Revenue of $40.2M, expenses of $36.7M, and assets of $122.5M (revenue +17.1% year-over-year).
- 2020: Revenue of $34.3M, expenses of $34.0M, and assets of $108.1M (revenue -16.0% year-over-year).
- 2019: Revenue of $40.8M, expenses of $32.4M, and assets of $108.1M (revenue +0.9% year-over-year).
- 2018: Revenue of $40.5M, expenses of $28.3M, and assets of $96.7M (revenue +71.3% year-over-year).
- 2017: Revenue of $23.6M, expenses of $26.3M, and assets of $97.9M (revenue -4.6% year-over-year).
- 2016: Revenue of $24.8M, expenses of $25.3M, and assets of $98.3M (revenue -4.2% year-over-year).
- 2015: Revenue of $25.8M, expenses of $26.6M, and assets of $102.0M (revenue -14.9% year-over-year).
- 2014: Revenue of $30.4M, expenses of $30.0M, and assets of $105.0M (revenue -3.6% year-over-year).
- 2013: Revenue of $31.5M, expenses of $28.7M, and assets of $97.2M (revenue -9.3% year-over-year).
- 2012: Revenue of $34.7M, expenses of $31.3M, and assets of $90.5M (revenue -3.7% year-over-year).
- 2011: Revenue of $36.1M, expenses of $31.2M, and assets of $88.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Albany Law School:
Data Sources and Methodology
This transparency report for Albany Law School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.