Practising Law Institute
Practising Law Institute consistently grows assets and revenue, maintaining strong financial health with reported 0% officer compensation.
EIN: 135562321 · New York, NY · NTEE: B600 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $137.6M |
| Total Expenses | $104.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $114.8M |
| Net Assets | $99.4M |
| Transparency Score | 85/100 |
Is Practising Law Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Practising Law Institute directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Practising Law Institute
Practising Law Institute (EIN: 135562321) is a nonprofit organization based in New York, NY, classified under NTEE code B600. The organization reported total revenue of $137.6M and total assets of $208.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Practising Law Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Practising Law Institute is a major nonprofit that has been operating for 86 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $114.8M |
| Total Expenses | $104.4M |
| Surplus / Deficit | +$10.4M |
| Total Assets | $202.3M |
| Total Liabilities | $102.9M |
| Net Assets | $99.4M |
| Operating Margin | 9.1% |
| Debt-to-Asset Ratio | 50.9% |
| Months of Reserves | 23.3 months |
Financial Health Grade: A
In 2023, Practising Law Institute reported a surplus of $10.4M with revenue exceeding expenses, holds 23.3 months of operating reserves (strong position), has a debt-to-asset ratio of 50.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Practising Law Institute's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.1% | +4.9% | +10.0% |
| 2022 | -4.5% | +5.5% | +8.5% |
| 2021 | +11.7% | +3.5% | +12.0% |
| 2020 | +17.1% | +13.3% | +15.1% |
| 2019 | -20.3% | -23.9% | +13.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1940 |
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 Practising 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Practising Law Institute 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 surplus of $10.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.9%.
Executive Compensation Analysis
The reported officer compensation is consistently 0% across all available filings, which is highly unusual for an organization of this size ($114.8M revenue in 2023) and suggests that executive compensation may be categorized differently or that the organization relies on volunteer leadership.
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 Practising Law Institute's IRS 990 filings:
- Unusually low (0%) reported officer compensation, requiring further investigation into full 990 for clarity on executive pay structure.
Strengths
The following positive indicators were identified for Practising Law Institute:
- Consistent revenue growth, from $79.4M in 2014 to $114.8M in 2023.
- Strong asset growth, from $106.2M in 2015 to $202.3M in 2023, indicating robust financial health.
- Consistent generation of operating surpluses in most recent years (e.g., $10.4M in 2023), demonstrating sound financial management.
- Low liabilities relative to assets, with liabilities at $102.9M against assets of $202.3M in 2023, indicating a healthy balance sheet.
Frequently Asked Questions about Practising Law Institute
Is Practising Law Institute a legitimate charity?
Practising Law Institute (EIN: 135562321) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $137.6M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Practising Law Institute spend its money?
Practising Law Institute directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Practising Law Institute tax-deductible?
Practising Law Institute is registered as a tax-exempt nonprofit (EIN: 135562321). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Practising Law Institute CEO make?
Practising Law Institute's highest-compensated officer earns $114.8M annually. The organization reported $137.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Practising Law Institute's spending goes to programs?
Practising Law Institute directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Practising Law Institute compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Practising Law Institute is above average for NTEE category B600 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Practising Law Institute located?
Practising Law Institute is headquartered in New York, New York and files with the IRS under EIN 135562321. It is classified under NTEE code B600.
How many years of IRS 990 filings does Practising Law Institute have?
Practising 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 $137.6M in total revenue.
How does Practising Law Institute achieve 0% officer compensation?
The provided data consistently shows 0% officer compensation. This is highly unusual for an organization of PLI's scale and revenue. It suggests that executive leadership may be compensated through other means not classified as 'officer compensation' on the 990, or that the organization relies on a volunteer executive structure. A full review of the IRS Form 990, Part VII, Section A would be necessary to understand the compensation structure for key employees and officers.
What is the primary source of Practising Law Institute's revenue?
While the provided data only gives total revenue figures, the NTEE code B600 (Legal Education) suggests that PLI's primary revenue sources are likely from educational programs, conferences, publications, and membership fees related to legal professional development.
Is Practising Law Institute financially stable?
Yes, Practising Law Institute appears financially stable. It has consistently generated surpluses in most recent years (e.g., $10.4 million in 2023) and has shown strong asset growth from $106 million in 2015 to over $202 million in 2023, indicating robust financial health and capacity.
Filing History
IRS 990 filing history for Practising Law Institute showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Practising Law Institute's revenue has grown by 96.5%, moving from $58.4M to $114.8M. Total assets increased by 146.7% over the same period, from $82.0M to $202.3M. Total functional expenses rose by 97.1%, from $52.9M to $104.4M. In its most recent filing year (2023), Practising Law Institute reported a surplus of $10.4M, with revenue exceeding expenses. The organization holds $102.9M in liabilities against $202.3M in assets (debt-to-asset ratio: 50.9%), resulting in net assets of $99.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $114.8M | $104.4M | $202.3M | $102.9M | — | View 990 |
| 2022 | $104.2M | $99.5M | $183.9M | $103.6M | — | View 990 |
| 2021 | $109.2M | $94.3M | $169.4M | $77.6M | — | View 990 |
| 2020 | $97.7M | $91.1M | $151.3M | $76.4M | — | — |
| 2019 | $83.4M | $80.4M | $131.4M | $67.4M | — | View 990 |
| 2018 | $104.6M | $105.6M | $116.1M | $66.7M | — | View 990 |
| 2017 | $105.2M | $102.8M | $125.1M | $64.3M | — | View 990 |
| 2016 | $88.4M | $92.7M | $114.2M | $58.5M | — | View 990 |
| 2015 | $84.4M | $87.6M | $106.2M | $50.9M | — | View 990 |
| 2014 | $79.4M | $81.5M | $112.9M | $49.3M | — | View 990 |
| 2013 | $66.3M | $71.3M | $115.4M | $46.4M | — | View 990 |
| 2012 | $63.0M | $60.2M | $92.4M | $29.3M | — | View 990 |
| 2011 | $58.4M | $52.9M | $82.0M | $26.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $114.8M, expenses of $104.4M, and assets of $202.3M (revenue +10.1% year-over-year).
- 2022: Revenue of $104.2M, expenses of $99.5M, and assets of $183.9M (revenue -4.5% year-over-year).
- 2021: Revenue of $109.2M, expenses of $94.3M, and assets of $169.4M (revenue +11.7% year-over-year).
- 2020: Revenue of $97.7M, expenses of $91.1M, and assets of $151.3M (revenue +17.1% year-over-year).
- 2019: Revenue of $83.4M, expenses of $80.4M, and assets of $131.4M (revenue -20.3% year-over-year).
- 2018: Revenue of $104.6M, expenses of $105.6M, and assets of $116.1M (revenue -0.5% year-over-year).
- 2017: Revenue of $105.2M, expenses of $102.8M, and assets of $125.1M (revenue +18.9% year-over-year).
- 2016: Revenue of $88.4M, expenses of $92.7M, and assets of $114.2M (revenue +4.7% year-over-year).
- 2015: Revenue of $84.4M, expenses of $87.6M, and assets of $106.2M (revenue +6.4% year-over-year).
- 2014: Revenue of $79.4M, expenses of $81.5M, and assets of $112.9M (revenue +19.7% year-over-year).
- 2013: Revenue of $66.3M, expenses of $71.3M, and assets of $115.4M (revenue +5.2% year-over-year).
- 2012: Revenue of $63.0M, expenses of $60.2M, and assets of $92.4M (revenue +7.9% year-over-year).
- 2011: Revenue of $58.4M, expenses of $52.9M, and assets of $82.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Practising Law Institute:
Data Sources and Methodology
This transparency report for Practising 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.