Illinois Institute Of Technology
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 305,093,796 | 296,322,482 | 8,771,314 | 11.1 | 37% |
| 2012 | 316,624,393 | 316,180,495 | 443,898 | 10.1 | 36% |
| 2013 | 350,744,840 | 340,980,679 | 9,764,161 | 10.7 | 35% |
| 2014 | 346,165,528 | 347,028,623 | −863,095 | 11.1 | 35% |
| 2015 | 366,858,525 | 359,676,180 | 7,182,345 | 11.0 | 35% |
| 2016 | 373,997,102 | 368,032,362 | 5,964,740 | 10.4 | 36% |
| 2017 | 351,970,710 | 360,867,125 | −8,896,415 | 11.1 | 35% |
| 2018 | 351,835,722 | 358,640,219 | −6,804,497 | 13.3 | 35% |
| 2019 | 380,049,108 | 370,165,220 | 9,883,888 | 12.6 | 34% |
| 2020 | 410,466,852 | 369,212,585 | 41,254,267 | 13.6 | 33% |
| 2021 | 396,565,185 | 378,643,758 | 17,921,427 | 14.8 | 31% |
| 2022 | 372,778,524 | 402,266,537 | −29,488,013 | 14.0 | 31% |
| 2023 | 364,483,065 | 419,688,712 | −55,205,647 | 11.5 | 31% |
In its most recent public year (2023), this organization spent $55,205,647 more than it brought in. Its reserves stood at about 11.5 months of spending. Staff pay was 31% of spending. $262,209,148 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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