Illinois Institute of Technology
85% goes to programs $9 to raise $100 Strong reserves Growing revenue
Illinois Institute of Technology is a 501(c)(3) organization based in Chicago, Illinois, registered in 1941, with $448,541,928 in FY2024 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
10 W 35th Street 8th Floor, Chicago, IL, 60616 EIN 36-2170136 Since 1941
Revenue (FY2024)
$448.5M
▲ 1.0% vs prior year
Education median: $200K
Expenses (FY2024)
$458.3M
Net assets
$433.3M
Employees
3,798
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $9 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Illinois Institute of Technology: 85% to programs · $9 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating11 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Illinois Institute of Technology: 11 mo reserves · -2% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Illinois Institute of Technology: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Illinois Institute of Technology: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To provide distinctive and relevant education in an environment of scientific, technological, and professional knowledge creation and innovation.
What they do
Research:- research is the hallmark of our culture of excellence. our faculty, students, and staff are leading bold research and discovery in fields where technology and innovation are creating significant, meaningful change. our researchers are conducting research that matters in our everyday lives. we are contributing to advances in computation and data, health and wellness, and urban futures. throughout our colleges and research centers, and in topics as varied as energy, theoretical physics, and social justice, our research reflects our commitment to scientific, technological, and professional knowledge creation and innovation. (see scheudle o)
Student services:- this program provides health, academic, career services, transitional assistance, student orientation, and other student services including the student finance center, admissions, and registration.
Auxiliary services:- this provides for campus housing and dining for the students and includes residence halls and a dining room, apartment-style buildings, eight fraternity houses, and two sorority houses.
Contact & location
- Address
- 10 W 35th Street 8th Floor, Chicago, IL, 60616
- City
- Chicago
- State
- Illinois
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $346.2M (FY2013) to $448.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $400.0MNet assets $433.3M
Operating margin
-2.2%
Spent more than it raised in the latest fiscal year.
Total assets
$833.3M
Total liabilities
$400.0M
Net assets
$433.3M
Salaries & benefits
$166.9M
36% of expenses
Board members
65
63 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $448,541,928▲1.0% | $458,259,919▲3.6% | $433,305,709▲0.5% | $833,343,232▲15.0% | 990 |
| 2023 | $444,012,183▲21.8% | $442,451,875▲5.4% | $430,948,920▲7.0% | $724,517,274▲2.6% | 990 |
| 2022 | $364,483,065▼2.2% | $419,688,712▲4.3% | $402,919,193▼13.9% | $706,468,476▼5.3% | 990 |
| 2021 | $372,778,524▼6.0% | $402,266,537▲6.2% | $468,046,962▲0.2% | $746,055,692▲2.1% | 990 |
| 2020 | $396,565,185▼3.4% | $378,643,758▲2.6% | $467,033,287▲11.4% | $730,458,628▲9.4% | 990 |
| 2019 | $410,466,852▲8.0% | $369,212,585▼0.3% | $419,061,463▲8.2% | $667,676,047▲5.5% | 990 |
| 2018 | $380,049,108▲8.0% | $370,165,220▲3.2% | $387,221,873▼2.5% | $632,900,141▼0.5% | 990 |
| 2017 | $351,835,722 | $358,640,219▼0.6% | $397,315,741▲18.7% | $635,766,786▲9.0% | 990 |
| 2016 | $351,970,710▼5.9% | $360,867,125▼1.9% | $334,626,101▲4.9% | $583,297,526▲2.9% | 990 |
| 2015 | $373,997,102▲1.9% | $368,032,362▲2.3% | $318,996,060▼3.1% | $566,604,624▼4.2% | 990 |
| 2014 | $366,858,525▲6.0% | $359,676,180▲3.6% | $329,364,152▲2.4% | $591,226,686▲1.7% | 990 |
| 2013 | $346,165,528 | $347,028,623▲1.8% | $321,589,392▲5.8% | $581,596,197▲3.1% | 990 |
| 2012 | — | $340,980,679▲7.8% | $304,079,432▲14.1% | $564,176,524▲5.8% | 990 |
| 2011 | — | $316,180,495▲6.7% | $266,609,052▼2.5% | $533,276,129▼3.9% | 990 |
| 2010 | — | $296,322,482▲1.5% | $273,496,118▲13.1% | $554,886,680▲6.5% | 990 |
| 2009 | — | $292,024,107 | $241,750,967 | $521,138,037 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Raj Echambadi — $803,978 (0.18% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Raj Echambadi | President | 38.8 | $803,978 |
| Kenneth Christensen | Provost, Svp Academic Affairs | 38.8 | $485,098 |
| Lance Fortnow | Professor and Dean Cos | 38.8 | $434,839 |
| Mohammad Shahidehpour | Distinguished Bodine Professor | 38.8 | $427,878 |
| Mallik Sundharam | Vp Enroll Mgmt Stud Affrs | 38.8 | $427,000 |
| Anita Krug | Dean and Professor of Law | 38.8 | $410,198 |
| Hamid Arastoopour | Director, Wiser/professor | 38.8 | $379,543 |
| M Krishna Erramilli | Associate Dean and Professor | 38.8 | $373,347 |
| Siva Balasubramanian | Harold L. Stuart Endowed Chair | 38.8 | $361,830 |
| Jennifer Dewinter | Dean/prof Lewis College Science | 38.8 | $355,611 |
| Beth Campbell | Associate Vp, Principal Gifts | 38.8 | $338,940 |
| Louis Cattafesta III | Dean of the Armor College of Engineering | 38.8 | $331,163 |
| Reed Kroloff | Dean-architecture, Rowe Chair | 38.8 | $329,020 |
| Edwin Watts | Vp of Administration | 38.8 | $306,420 |
| Harold Krent | Professor of Law/former Key Employee | 38.8 | $301,421 |
| Michelangelo Sabatino | Professor/former Key Employee | 38.8 | $296,802 |
| Anijo Mathew | Dean, Institute of Design | 38.8 | $295,078 |
| Natacha Depaola | Prof of Biomedeng & Dir Idmet/former Key Employee | 38.8 | $284,380 |
| Sejal Vaishnav | Chief Information Officer | 38.8 | $271,787 |
| Michael Gosz | Vice President For Data Analytics/former Officer | 38.8 | $266,620 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Compass Group USA Inc | Food Service Provider | $6,958,071 |
| Gca Services Group | Janitorial Services | $4,037,395 |
| Sos Security LLC | Security Service | $2,660,230 |
| Ventas Inc | Real Estate Rental Services | $1,839,474 |
| Perfect Search Media Corp | Media Advertising | $1,809,142 |
Grants received · $27.8M total
173 grants to Illinois Institute of Technology totaling $27.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| New Venture Fund | Technology and innovation | 2024 | $200,000 |
| Michael J Fox Foundation For Parkinsons Research | Parkinson's research | 2024 | $120,709 |
| American Online Giving Foundation Inc | General support | 2024 | $55,136 |
| Accesslex Institute | Program support/research | 2024 | $50,000 |
| The Community Foundation of Western North Carolina Inc | Improving educational opportunities | 2024 | $50,000 |
| Robert R Mccormick Foundation | The chicago difference initiative | 2024 | $45,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $20,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $9,078 |
| Northwestern University | Support of research activities | 2023 | $793,432 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $730,903 |
| Donor Advised Charitable Giving | Education | 2023 | $660,450 |
| University of Chicago | Subaward | 2023 | $553,050 |
| Michael J Fox Foundation For Parkinsons Research | Parkinson's research | 2023 | $438,799 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $386,942 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $281,000 |
Similar organizations in Education
- Education
Art Institute of Chicago
Chicago, IL
$493.8M
Aannual revenue
- Education
Midwestern University
Downers Grove, IL
$537.5M
A+annual revenue
Education
Columbia College Chicago
Chicago, IL
$250.7M
Aannual revenue
Education
Bradley University
Peoria, IL
$240.8M
Aannual revenue
Education
Noble Network of Charter Schools
Chicago, IL
$238.8M
Aannual revenue
Education
University of Illinois Foundation
Champaign, IL
$671.3M
B+annual revenue
Education
Lewis University
Romeoville, IL
$206.7M
Aannual revenue
Education
Wheaton College
Wheaton, IL
$206.5M
Aannual revenue
Education
Aurora University
Aurora, IL
$184.7M
Aannual revenue
Education
Institute For the International Education of Students
Chicago, IL
$178.5M
Cannual revenue
Compare Illinois Institute of Technology
Frequently asked questions
- Is Illinois Institute of Technology a legitimate nonprofit?
- Yes. Illinois Institute of Technology is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-2170136, based in Chicago, Illinois. Donations are tax-deductible.
- What is Illinois Institute of Technology's EIN?
- Illinois Institute of Technology's Employer Identification Number (EIN) is 36-2170136.
- How much revenue does Illinois Institute of Technology report?
- Illinois Institute of Technology reported $448,541,928 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Illinois Institute of Technology's spending goes to programs?
- Illinois Institute of Technology spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Illinois Institute of Technology have?
- CharityIndex grades Illinois Institute of Technology A, based on program efficiency and fundraising cost.
- How much does Illinois Institute of Technology's highest-paid employee make?
- The highest reported compensation on Illinois Institute of Technology's latest Form 990 is $803,978, paid to Raj Echambadi (President).
More nonprofits in Chicago
Explore more
Data for Illinois Institute of Technology (EIN 36-2170136) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.