Overview

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Est.

1936

Fiscal Year Start

Oct 1

Organization Type

Grantseeker

AI Summary

The IIT Research Institute (EIN: 36-2169122) is dedicated to research and development aimed at the prevention and cure of disease, focusing on advancements in science and technology while also contributing to community improvement. With an operating budget of $27.3 million and total revenue of $28.7 million for the 2024 filing year, the organization benefits from substantial funding, although it does not rely on a single funder for 50% or more of its revenue. More information can be found on their website at www.iitri.org.

Mission Statement

Research and development directed towards the prevention and cure of disease.
Revenues
$28.7M
Expenses
$27.3M
Net Income:
+$1.3M
Assets
$42.2M
Liabilities
$11.8M
Net Assets:
+$30.4M
Operating Budget
$27.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$41.9K
Largest grant received
$41.9K
D
David McCormick
Board Member
R
Rajagopal R Echambadi
Board Member
W
Walter Hazlitt
Board Member

Frequently Asked Questions

What is IIT RESEARCH INSTITUTE’s budget?
In 2024, IIT RESEARCH INSTITUTE reported an annual operating budget of around $27.3 million. More detailed financial information is available to registered users.
What causes does IIT RESEARCH INSTITUTE support?
IIT RESEARCH INSTITUTE supports work in Technology, Community improvement, and Science.
Where does IIT RESEARCH INSTITUTE operate?
IIT RESEARCH INSTITUTE is headquartered in Chicago, IL.
Who funded IIT RESEARCH INSTITUTE recently?
In 2022, IIT RESEARCH INSTITUTE received grants from University of Chicago, University of Chicago, and University of Chicago. More information on this organization’s funders is available to registered users.
What is the largest grant IIT RESEARCH INSTITUTE received in 2022?
The largest grant to IIT RESEARCH INSTITUTE in 2022 exceeds $42 thousand.