Illinois Institute of Technology
Illinois Institute of Technology reported $448.5 million in revenue and $458.3 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $85.42 went to program services, $12.55 to management and general costs and $2.03 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 75.7% of the total. Government grants made up 13.0%. The highest compensation it reported for one person was $865,337 (President). 401 people received more than $100,000 in reportable compensation. Revenue rose 9% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $458MFor 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 May 31, 2025 · Form 990, Part VIII · total revenue $449MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.09 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 23.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 13.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 75.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $865,337 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.19% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 401 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 11.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 63 of 65 | 100.0% |
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 expenseINSTRUCTION SUPPORT:- Illinois Institute of Technology's (IIT) seven colleges allow students to discover new frontiers in engineering, science, architecture, business, design, human sciences, applied technology, and law. The school's nationally ranked undergraduate and graduate programs offer exceptional preparation for professions that require technological sophistication, an innovative mindset, and an entrepreneurial spirit. The University's emphasis on collaboration and interdisciplinary study and research will prepare students to work across traditional boundaries and to experience a…
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…
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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President Director/trustee, officer, 38.8 hrs/week | $803,978 | $0 | $61,359 | $865,337 |
| Provost, SVP Academic Affairs Highest compensated employee, 38.8 hrs/week | $485,098 | $0 | $57,984 | $543,082 |
| Professor and Dean COS Key employee, 38.8 hrs/week | $434,839 | $0 | $43,797 | $478,636 |
| VP Enroll Mgmt Stud Affrs Officer, 38.8 hrs/week | $427,000 | $0 | $51,443 | $478,443 |
| Distinguished Bodine Professor Highest compensated employee, 38.8 hrs/week | $427,878 | $0 | $30,774 | $458,652 |
| Dean and Professor of Law Key employee, 38.8 hrs/week | $410,198 | $0 | $38,175 | $448,373 |
| Director, WISER/Professor Highest compensated employee, 38.8 hrs/week | $379,543 | $0 | $39,540 | $419,083 |
| Associate Dean and Professor Key employee, 38.8 hrs/week | $373,347 | $0 | $45,206 | $418,553 |
401 people received more than $100,000 in reportable compensation from Illinois Institute of Technology (Part VII, line 2). Compensation of current officers, directors and key employees totaled $9.0M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b65 · 63 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 2Yes
- 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 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 53,798
- Volunteers Part I, line 6270
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| 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 |
Individuals listed as contractors are left out. 118 contractors were paid more than $100,000 in all.
Private foundation grants it received
38 private foundations reported grants to Illinois Institute of Technology totaling $7.2M 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 Illinois Institute of Technology's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Illinois Institute of Technology, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Illinois Institute of Technology spent in FY2025, $85.42 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Yeshiva UniversityNew York, NY · revenue $444M · programs 86.5% · FY2025
- Renaissance Charter SchoolFort Lauderdale, FL · revenue $449M · programs 83.9% · FY2025
- Wesleyan UniversityMiddletown, CT · revenue $443M · programs 87.0% · FY2025
- Bowdoin CollegeBrunswick, ME · revenue $450M · programs 81.7% · FY2025
- Elon UniversityElon, NC · revenue $441M · programs 85.9% · FY2025
Questions people ask
How much of Illinois Institute of Technology's spending goes to programs?
In the fiscal year ending May 31, 2025, Illinois Institute of Technology reported that 85.4% of its $458.3 million in expenses went to program services, 12.6% to management and general and 2.0% to fundraising (Form 990, Part IX).
How much does Illinois Institute of Technology pay its top executive?
The largest total compensation Illinois Institute of Technology reported for one person in the fiscal year ending May 31, 2025 was $865,337, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Illinois Institute of Technology get its money?
Of $448.5 million in revenue in the fiscal year ending May 31, 2025, 23.2% came from contributions and grants (including 13.0% from government grants) and 75.7% from program service revenue (Form 990, Part VIII).
Is Illinois Institute of Technology a registered charity?
The IRS lists EIN 36-2170136 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 May 31, 2025, object 202641049349301904 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202531059349302178 · read the filing
- FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202441069349301904 · read the filing
- FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202301089349301775 · read the filing
- FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202231029349300328 · read the filing
- FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202110649349300541 · read the filing
All filings for EIN 36-2170136: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.