New York Law School

New York Law School consistently operates with expenses exceeding revenues, drawing down assets over the past decade.

EIN: 135645885 · New York, NY · NTEE: B500 · Updated: 2026-03-28

$96.8MRevenue

$312.0MAssets

70/100Mission Score (Good)

B500

About New York Law School

New York Law School (EIN: 135645885) is a nonprofit organization based in New York, NY, classified under NTEE code B500. The organization reported total revenue of $96.8M and total assets of $312.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Law School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

New York Law School demonstrates consistent financial operations, with revenues generally in line with expenses over the past several years. For instance, in fiscal year 2023, the organization reported revenues of $82,756,872 against expenses of $87,889,143, indicating a slight operating deficit. This trend of expenses often exceeding revenues has been observed in multiple periods, such as 2022 ($82,313,056 revenue vs. $89,868,147 expenses) and 2020 ($75,645,849 revenue vs. $87,079,705 expenses). While the organization maintains substantial assets, reported at $315,705,604 in 2023, there has been a notable decline from a high of $469,798,310 in 2014, suggesting a long-term trend of asset reduction. The consistent reporting of 0% officer compensation across all available filings indicates a high degree of transparency regarding executive pay, or that executive compensation is not reported in this specific field on the 990, which would warrant further investigation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New York 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, New York Law School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The IRS 990 filings consistently report 0% officer compensation, which suggests either that no officers receive compensation or that compensation is reported in a different section of the filing, requiring further scrutiny to fully assess executive pay relative to the organization's size and $80M+ annual expenses.

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 School's IRS 990 filings:

Consistent operating deficits (expenses exceeding revenues) in multiple years, such as 2023, 2022, and 2020.
Significant long-term decline in total assets from $469,798,310 in 2014 to $315,705,604 in 2023.
High liabilities relative to assets, with liabilities at $147,645,640 against assets of $315,705,604 in 2023.

Strengths

The following positive indicators were identified for New York Law School:

Consistent filing history with 13 available IRS 990 filings, indicating transparency in reporting.
Substantial asset base of over $300 million, providing financial stability despite recent declines.

Frequently Asked Questions about New York Law School

Why have assets declined from $469M in 2014 to $315M in 2023?

The consistent decline in assets, from $469,798,310 in 2014 to $315,705,604 in 2023, warrants investigation into the underlying causes, such as investment performance, capital expenditures, or funding of operating deficits.

What is the long-term strategy for addressing operating deficits?

With expenses frequently exceeding revenues (e.g., $87,889,143 expenses vs. $82,756,872 revenue in 2023), understanding the organization's plan to achieve financial sustainability is crucial.

Where is executive compensation reported if not in the 'Officer Comp' field?

The consistent 0% reported for 'Officer Comp' across all filings suggests that executive compensation might be categorized differently or not reported in this specific field, necessitating a deeper dive into the 990s to understand leadership remuneration.

Filing History

IRS 990 filing history for New York Law School showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), New York Law School's revenue has declined by 37%, moving from $131.3M to $82.8M. Total assets decreased by 33% over the same period, from $471.0M to $315.7M. Total functional expenses fell by 6.4%, from $93.9M to $87.9M. In its most recent filing year (2023), New York Law School reported a deficit of $5.1M, with expenses exceeding revenue. The organization holds $147.6M in liabilities against $315.7M in assets (debt-to-asset ratio: 46.8%), resulting in net assets of $168.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$82.8M	$87.9M	$315.7M	$147.6M	—	—
2022	$82.3M	$89.9M	$310.4M	$153.4M	—	View 990
2021	$82.2M	$82.7M	$345.9M	$158.9M	—	View 990
2020	$75.6M	$87.1M	$325.6M	$170.7M	—	View 990
2019	$78.7M	$82.7M	$344.4M	$171.5M	—	View 990
2018	$84.5M	$76.5M	$357.8M	$175.2M	—	View 990
2017	$53.1M	$73.6M	$368.5M	$180.5M	—	View 990
2016	$65.5M	$80.4M	$377.0M	$180.5M	—	View 990
2015	$61.0M	$81.2M	$443.1M	$203.8M	—	View 990
2014	$72.9M	$83.9M	$469.8M	$211.3M	—	View 990
2013	$106.7M	$86.4M	$464.3M	$215.1M	—	View 990
2012	$60.4M	$93.1M	$447.5M	$228.7M	—	View 990
2011	$131.3M	$93.9M	$471.0M	$219.4M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $82.8M, expenses of $87.9M, and assets of $315.7M (revenue +0.5% year-over-year).
2022: Revenue of $82.3M, expenses of $89.9M, and assets of $310.4M (revenue +0.1% year-over-year).
2021: Revenue of $82.2M, expenses of $82.7M, and assets of $345.9M (revenue +8.7% year-over-year).
2020: Revenue of $75.6M, expenses of $87.1M, and assets of $325.6M (revenue -3.9% year-over-year).
2019: Revenue of $78.7M, expenses of $82.7M, and assets of $344.4M (revenue -6.8% year-over-year).
2018: Revenue of $84.5M, expenses of $76.5M, and assets of $357.8M (revenue +59.0% year-over-year).
2017: Revenue of $53.1M, expenses of $73.6M, and assets of $368.5M (revenue -19.0% year-over-year).
2016: Revenue of $65.5M, expenses of $80.4M, and assets of $377.0M (revenue +7.5% year-over-year).
2015: Revenue of $61.0M, expenses of $81.2M, and assets of $443.1M (revenue -16.3% year-over-year).
2014: Revenue of $72.9M, expenses of $83.9M, and assets of $469.8M (revenue -31.7% year-over-year).
2013: Revenue of $106.7M, expenses of $86.4M, and assets of $464.3M (revenue +76.6% year-over-year).
2012: Revenue of $60.4M, expenses of $93.1M, and assets of $447.5M (revenue -54.0% year-over-year).
2011: Revenue of $131.3M, expenses of $93.9M, and assets of $471.0M.

Data Sources and Methodology

This transparency report for New York 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.