I've got around a gallon of alcohol I have been using to strip train paints. After every use, i filter out the big pieces and many of the smaller ones using coffee filters (long story why I have so many). Then I let the bottle settle until needed again - that can be next day or months! After months, there is some very dark alcohol at the bottom, so I carefully pour off the top and let the dirty stuff air dry outdoors in a pan.
Given that routine, and the evaporation issue aside, I wonder what the useful life will be? So far, I can't tell much difference between old and new.
George