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Practising Law Institute

New York, NY · EIN 13-5562321 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Practising Law Institute reported $114.3 million in revenue and $112.3 million in expenses for calendar year 2024. Of every $100 it spent, $91.94 went to program services, $8.06 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.2% of the total. The highest compensation it reported for one person was $897,722 (PRESIDENT). 186 people received more than $100,000 in reportable compensation. Revenue rose 37% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $112M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $114M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
91.9%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
8.1%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
95.2%69.9%
Highest reported compensation
Part VII-A, columns D–F
$897,722$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.80%1.28%
People paid over $100,000
Part VII, line 2
1868
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
11.813.3
Independent voting board members
Part VI 1a–1b
21 of 21100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$87M expenses · 84.2% of program spending · grants $24M · revenue $101M

Programs: in 2024, the institute provided live seminars, live webcasts, on-demand seminars, and audio and video downloads. Approximately 1,129,492 continuing education accreditation certificates were processed for these programs

$16M expenses · 15.8% of program spending · revenue $9.3M

Publishing services supplement the seminars offered by the institute to provide the most up-to-date, relevant information and resource materials. Annually the institute provides course handbooks, treatises, and supplements which are important in providing the legal community and allied professionals with the tools to stay abreast of new legal developments. In 2024, there were 283 course handbooks, 33 treatises and answer books, and 93 treatise supplements released. 139 treatises were available for download on the kindle digital reader. Other revenue includes subscription to pli plus (an…

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 40.00 hrs/week
$788,230$0$109,492$897,722
CHIEF CUSTOMER OFFICER
Officer, 40.00 hrs/week
$521,199$0$89,101$610,300
CHIEF INFORMATION OFFICER
Officer, 40.00 hrs/week
$446,696$0$81,027$527,723
CHIEF MARKETING OFFICER
Officer, 40.00 hrs/week
$401,381$0$88,462$489,843
DIRECTOR, SEC INSTITUTE
Highest compensated employee, 40.00 hrs/week
$387,279$0$82,722$470,001
CHIEF CONTENT OFFICER (AS OF 05/24)
Officer, 40.00 hrs/week
$361,155$0$82,816$443,971
VP, MEMB. SALES & A/C SVCS.
Highest compensated employee, 40.00 hrs/week
$361,208$0$79,676$440,884
CFO & TREASURER (AS OF 05/24)
Officer, 40.00 hrs/week
$364,988$0$54,628$419,616

186 people received more than $100,000 in reportable compensation from Practising Law Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.2M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$114M$112M91.9%$111M$897,722
2023 ⓘ$115M$104M92.3%$99M$830,643
2022 ⓘ$104M$100M92.1%$80M$721,023
2021 ⓘ$109M$94M92.3%$92M$572,722
2020 ⓘ$98M$91M91.3%$75M$807,728
2019 ⓘ$83M$80M91.6%$64M$703,130

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b21 · 21 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 5360
  • Volunteers Part I, line 64,433

Correct a figure or respond

Every number above is copied from Practising Law Institute's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Practising Law Institute, you can publish a response that is linked from this page.

Questions people ask

How much of Practising Law Institute's spending goes to programs?

In calendar year 2024, Practising Law Institute reported that 91.9% of its $112.3 million in expenses went to program services, 8.1% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Practising Law Institute pay its top executive?

The largest total compensation Practising Law Institute reported for one person in calendar year 2024 was $897,722, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Practising Law Institute get its money?

Of $114.3 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 95.2% from program service revenue (Form 990, Part VIII).

Is Practising Law Institute a registered charity?

The IRS lists EIN 13-5562321 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202512889349302256 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202432909349301208 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202342899349301414 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202203049349301760 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202102889349300215 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202003039349301330 · read the filing

All filings for EIN 13-5562321: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.