New York Law Institute
New York Law Institute maintains strong asset base with fluctuating but increasing revenue and no reported officer compensation.
EIN: 135600417 · New York, NY · NTEE: B700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $1.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $9.2M |
| Transparency Score | 85/100 |
Is New York Law Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Law Institute directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Law Institute
New York Law Institute (EIN: 135600417) is a nonprofit organization based in New York, NY, classified under NTEE code B700. The organization reported total revenue of $2.8M and total assets of $11.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Law Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Law Institute is a mid-size nonprofit that has been operating for 83 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-106,375 |
| Total Assets | $10.4M |
| Total Liabilities | $1.2M |
| Net Assets | $9.2M |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 11.9% |
| Months of Reserves | 64.0 months |
Financial Health Grade: B
In 2023, New York Law Institute reported a deficit of $106K with expenses exceeding revenue, holds 64.0 months of operating reserves (strong position), has a debt-to-asset ratio of 11.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Law Institute's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.5% | -5.2% | -1.1% |
| 2022 | +18.2% | +15.8% | -4.5% |
| 2021 | +14.4% | +6.2% | +7.8% |
| 2020 | -14.0% | -1.1% | -1.1% |
| 2019 | +6.5% | -4.3% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1943 |
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 New York Law Institute with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, New York Law Institute allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $106K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size with over $10 million in assets and nearly $3 million in annual revenue. This suggests either pro-bono leadership or compensation is reported under other expense categories, warranting further investigation for complete transparency.
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 New York Law Institute's IRS 990 filings:
- Unusually low or 0% reported officer compensation, which may obscure actual leadership costs or indicate reliance on external funding for executive roles.
- Fluctuations in revenue and expenses, with some periods showing expenses exceeding revenue (e.g., 202304: Expenses $1,947,250 vs. Revenue $1,840,875), indicating potential operational deficits in certain years.
Strengths
The following positive indicators were identified for New York Law Institute:
- Strong and consistent asset base, generally exceeding $10 million, indicating long-term financial stability.
- No reported officer compensation, suggesting a highly efficient use of funds for leadership or significant volunteer contributions.
- Consistent filing history (13 filings), demonstrating transparency and compliance with IRS reporting requirements.
Frequently Asked Questions about New York Law Institute
Is New York Law Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Law Institute (EIN: 135600417) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does New York Law Institute spend its money?
New York Law Institute directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York Law Institute tax-deductible?
New York Law Institute is registered as a tax-exempt nonprofit (EIN: 135600417). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New York Law Institute CEO make?
New York Law Institute's highest-compensated officer earns $10 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does New York Law Institute compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New York Law Institute is above average for NTEE category B700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York Law Institute located?
New York Law Institute is headquartered in New York, New York and files with the IRS under EIN 135600417. It is classified under NTEE code B700.
How many years of IRS 990 filings does New York Law Institute have?
New York Law Institute 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 $2.8M in total revenue.
How does the New York Law Institute manage to operate without reporting any officer compensation?
The filings consistently show 0% officer compensation. This could mean that officers are volunteers, compensated through other entities, or their compensation is categorized differently within the expense structure, which would require reviewing the full 990 forms for detailed expense breakdowns.
What caused the significant increase in revenue to $2,834,799 in the latest period compared to previous years?
The provided data shows a jump in 'Latest Revenue' to $2,834,799, while the most recent filing (202304) reports $1,840,875. This discrepancy suggests the 'Latest Revenue' figure might be from a different period or includes other income not reflected in the 202304 filing's 'Revenue' line item. Further detail from the full 990 would be needed to understand this increase.
Is the organization's asset growth sustainable given its expense levels?
The organization has consistently maintained assets above $10 million. While expenses have sometimes exceeded revenue (e.g., 202304, 202004), the overall asset base has remained robust, suggesting a strong financial foundation capable of absorbing minor deficits. The latest reported assets of $11,066,867 indicate continued stability.
Filing History
IRS 990 filing history for New York Law Institute showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Law Institute's revenue has grown by 76.9%, moving from $1.0M to $1.8M. Total assets decreased by 15.4% over the same period, from $12.3M to $10.4M. Total functional expenses rose by 13.2%, from $1.7M to $1.9M. In its most recent filing year (2023), New York Law Institute reported a deficit of $106K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $10.4M in assets (debt-to-asset ratio: 11.9%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.9M | $10.4M | $1.2M | — | View 990 |
| 2022 | $2.2M | $2.1M | $10.5M | $998K | — | View 990 |
| 2021 | $1.8M | $1.8M | $11.0M | $1.2M | — | View 990 |
| 2020 | $1.6M | $1.7M | $10.2M | $1.2M | — | View 990 |
| 2019 | $1.9M | $1.7M | $10.3M | $340K | — | View 990 |
| 2018 | $1.8M | $1.8M | $10.4M | $405K | — | View 990 |
| 2017 | $1.6M | $1.4M | $10.3M | $398K | — | View 990 |
| 2016 | $1.4M | $1.6M | $9.9M | $551K | — | View 990 |
| 2015 | $1.4M | $1.6M | $10.3M | $534K | — | View 990 |
| 2014 | $1.4M | $1.8M | $10.5M | $506K | — | View 990 |
| 2013 | $1.2M | $1.8M | $10.8M | $502K | — | View 990 |
| 2012 | $1.1M | $1.8M | $11.3M | $530K | — | View 990 |
| 2011 | $1.0M | $1.7M | $12.3M | $650K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.9M, and assets of $10.4M (revenue -15.5% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.1M, and assets of $10.5M (revenue +18.2% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.8M, and assets of $11.0M (revenue +14.4% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.7M, and assets of $10.2M (revenue -14.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.7M, and assets of $10.3M (revenue +6.5% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $10.4M (revenue +8.4% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.4M, and assets of $10.3M (revenue +16.6% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.6M, and assets of $9.9M (revenue +1.6% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.6M, and assets of $10.3M (revenue -2.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.8M, and assets of $10.5M (revenue +18.5% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.8M, and assets of $10.8M (revenue +7.7% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.8M, and assets of $11.3M (revenue +6.1% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.7M, and assets of $12.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Law Institute:
Data Sources and Methodology
This transparency report for New York Law Institute 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.