Illinois Institute of Technology

CHICAGO, IL, 60616 (312) 567-3332 Est. 1940 EIN 36-2170136

B430 - Education 990 - Public charity return 501(c)(3)

Mission

TO PROVIDE DISTINCTIVE AND RELEVANT EDUCATION IN AN ENVIRONMENT OF SCIENTIFIC, TECHNOLOGICAL, AND PROFESSIONAL KNOWLEDGE CREATION AND INNOVATION.

Total Revenue

$448,541,928

Total Expenses

$458,259,919

Net Assets

$433,305,709

3,798 employees 270 volunteers

From latest filing (tax period ending 2025-05-31)

Operating Reserve

11.3 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 1.0%

Expenses ↑ 3.6%

Revenue Sources

Contributions 23.2% Earned revenue 75.7% Investment 0.8%

Expense Breakdown

Program 85.4% Management 12.6% Fundraising 2.0%

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Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jun 1, 2024 to May 31, 2025	$448,541,928 ↑	$458,259,919	$433,305,709
2023 990 - Public charity return Jun 1, 2023 to May 31, 2024	$444,012,183 ↑	$442,451,875	$430,948,920
2022 990 - Public charity return Jun 1, 2022 to May 31, 2023	$364,483,065 ↓	$419,688,712	$402,919,193
2021 990 - Public charity return Jun 1, 2021 to May 31, 2022	$372,778,524 ↓	$402,266,537	$468,046,962
2020 990 - Public charity return Jun 1, 2020 to May 31, 2021	$396,565,185 ↓	$378,643,758	$467,033,287
2019 990 - Public charity return Jun 1, 2019 to May 31, 2020	$410,466,852 ↑	$369,212,585	$419,061,463
2017 990 - Public charity return Jun 1, 2017 to May 31, 2018	$351,835,722	$358,640,219	$397,315,741