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Loyola University of Chicago

Also known as Loyola University Chicago

Chicago, IL · EIN 36-1408475 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Loyola University of Chicago reported $1.06 billion in revenue and $1.02 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $89.78 went to program services, $8.48 to management and general costs and $1.74 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 85.2% of the total. The highest compensation it reported for one person was $1,360,375 (HEAD MEN'S BASKETBALL COACH). 1,026 people received more than $100,000 in reportable compensation. Revenue rose 23% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $1.02B

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

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $1.06B

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

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
89.8%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
8.5%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.7%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.18$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
9.2%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
4.5%1.1%
Program service revenue share
Part VIII 2g ÷ 12
85.2%69.9%
Highest reported compensation
Part VII-A, columns D–F
$1,360,375$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.13%1.28%
People paid over $100,000
Part VII, line 2
1,0268
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
27.113.3
Independent voting board members
Part VI 1a–1b
36 of 37100.0%

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

FY2025 · Form 990, Part III · the three largest programs by expense
$808M expenses · 88.1% of program spending · grants $330M · revenue $811M

HIGHER EDUCATION: LOYOLA UNIVERSITY CHICAGO EDUCATED APPROXIMATELY 12,500 UNDERGRADUATE & 4,800 GRADUATE & PROFESSIONAL STUDENTS FOR THE FALL 2024 TERM. LOYOLA STRIVES TO DELIVER THE PREMIER UNDERGRADUATE EDUCATIONAL EXPERIENCE IN CHICAGO, CHARACTERIZED BY A TRANSFORMATIVE EXPERIENCE IN THE JESUIT TRADITION & A COMMITMENT TO THE UNDERSERVED. THE QUINLAN SCHOOL OF BUSINESS CONTINUES TO BE RANKED AS THE NUMBER 1 UNDERGRADATE BUSINESS PROGRAM IN CHCAGO BY U.S. NEWS & WORLD REPORT RANKINGS. SIMILARLY, THE MARCELLA NIEHOFF SCHOOL OF NURSING BACHELOR OF SCIENCE PROGRAM IS RANKED IN THE TOP 2…

$63M expenses · 6.8% of program spending · grants $2.0M · revenue $90M

Higher education auxiliary services: Loyola University Chicago provides various services and amenities that strengthen and enhance the loyola student, faculty, and staff experience. These services include housing, food service, and recreational facilities

$46M expenses · 5.0% of program spending · grants $4.7M

Research: Loyola University Chicago engages in externally funded research projects aimed at solving contemporary, societal challenges, with the goal of creating a better and more just tomorrow. The research is conducted in each of loyola's three chicago-area campuses (health science campus, water tower campus, and lakeshore campus) and serves to advance knowledge while also providing training opportunities to students in the research process. Loyola's total research expenditures have grown steadily resulting in loyola attaining the highest research classification, research 1 (r1) by the…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
HEAD MEN'S BASKETBALL COACH
Highest compensated employee, 40.0 hrs/week
$1,187,291$0$173,084$1,360,375
PRESIDENT
Director/trustee, officer, 40.0 hrs/week
$1,060,013$0$142,910$1,202,923
DEAN, STRITCH SCHOOL OF MEDICINE
Key employee, 40.0 hrs/week
$737,618$0$67,413$805,031
VP ADVANCEMENT (TERM ENDED 08/2024)
Highest compensated employee, 40.0 hrs/week
$565,626$0$57,167$622,793
SR VP & CFO
Officer, 40.0 hrs/week
$511,091$0$50,336$561,427
Professor
Highest compensated employee, 40.0 hrs/week
$498,157$0$58,142$556,299
CHIEF INVESTMENT OFFICER
Key employee, 40.0 hrs/week
$481,282$0$73,020$554,302
SR VP ADMINISTRATIVE SERVICES
Officer, 40.0 hrs/week
$448,788$0$64,316$513,104

1,026 people received more than $100,000 in reportable compensation from Loyola University of Chicago (Part VII, line 2). Compensation of current officers, directors and key employees totaled $10M (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
RevenueExpenses
$0$500M$1.00B$1.50B$2.00BFY2020FY2021FY2022FY2023FY2024FY2025$1.06B$1.02B
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$1.06B$1.02B89.8%$2.31B$1,360,375
FY2024 ⓘ$1.08B$980M89.5%$2.17B$1,299,337
FY2023 ⓘ$993M$913M89.6%$2.08B$921,804
FY2022 (amended) ⓘ$1.07B$890M89.2%$1.98B$963,242
FY2021 ⓘ$814M$780M88.6%$1.99B$1,107,422
FY2020 ⓘ$863M$824M87.3%$1.69B$1,218,380

Governance answers, as filed

FY2025 · 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–1b37 · 36 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 4Yes
  • 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 59,632
  • Volunteers Part I, line 61,586

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
ARAMARK SERVICES INC
Food Services
$29,301,836
POWER CONSTRUCTION COMPANY LLC
Construction
$16,825,677
ALLIED UNIVERSAL JANITORIAL
Housekeeping
$10,565,429
B STROMBERG CONSTRUCTION CO
Construction
$9,262,899
POWER WELLNESS MANAGEMENT LLC
Health & Fitness Center Management
$4,126,744

Individuals listed as contractors are left out. 110 contractors were paid more than $100,000 in all.

Private foundation grants it received

75 private foundations reported grants to Loyola University of Chicago totaling $5.3M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

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

Similar-sized charities in this cause

All education charities · Largest charities in Illinois

Questions people ask

How much of Loyola University of Chicago's spending goes to programs?

In the fiscal year ending June 30, 2025, Loyola University of Chicago reported that 89.8% of its $1.02 billion in expenses went to program services, 8.5% to management and general and 1.7% to fundraising (Form 990, Part IX).

How much does Loyola University of Chicago pay its top executive?

The largest total compensation Loyola University of Chicago reported for one person in the fiscal year ending June 30, 2025 was $1,360,375, for the role of HEAD MEN'S BASKETBALL COACH (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Loyola University of Chicago get its money?

Of $1.06 billion in revenue in the fiscal year ending June 30, 2025, 9.2% came from contributions and grants (including 4.5% from government grants) and 85.2% from program service revenue (Form 990, Part VIII).

Is Loyola University of Chicago a registered charity?

The IRS lists EIN 36-1408475 as a 501(c)(3) organization (school), 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

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641339349308589 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349307250 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441349349304749 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022 (amended), object 202301329349309100 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241339349308119 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131329349304783 · read the filing

All filings for EIN 36-1408475: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.