Illinois Institute of Technology
Illinois Institute of Technology
Illinois Institute of Technology
Income Statement
Fiscal Year Start:
Jun 1
Data visualization unavailable
Revenues in 2024
$444,012,183
Program Services
N/A
Government Grants
N/A
Contributions
N/A
Investments
N/A
Fundraising Events
N/A
Membership Dues
N/A
Expenses in 2024
$442,451,875
Grants
36%
Salaries & Benefits
35%
Offices, Occupancy & IT
14%
Fees to Service Providers
6%
Depreciation
5%
Other
2%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$15,730,520
$45,939,432
+192%
Government Grants
$48,828,643
$49,427,322
+1%
Fundraising Events
$156,221
$9,050
-94%
Program Services
$296,928,727
$347,523,315
+17%
Membership Dues
$0
$0
-
Investments
$1,424,658
$2,015,772
+41%
Other
$1,414,296
-$902,708
-164%
Total Revenues
$364,483,065
$444,012,183
+22%
Expenses
2023
2024
Change
Grants
$139,862,832
$158,523,565
+13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$156,298,745
$154,830,708
-1%
Fees to Service Providers
$39,405,282
$25,149,870
-36%
Advertising & Promotion
$1,156,781
$2,366,439
+105%
Offices, Occupancy & IT
$51,060,707
$61,201,727
+20%
Interest
$8,336,780
$9,993,080
+20%
Depreciation
$18,935,971
$20,363,820
+8%
Other
$4,631,614
$10,022,666
+116%
Total Expenses
$419,688,712
$442,451,875
+5%
Net income
2023
2024
Change
Net income
-$55,205,647
+$1,560,308
-103%
Functional Expenses
Summary
2023
2024
Change
Program
$352,492,309
$374,253,335
+6%
Admin
$56,095,767
$57,895,145
+3%
Fundraising
$11,100,636
$10,303,395
-7%
Total Expenses
$419,688,712
$442,451,875
+5%
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