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Illinois · Nonprofit

IIT RESEARCH INSTITUTE

IIT RESEARCH INSTITUTE (Illinois) receives grants from 1 organization whose IRS filings report $1,909,650 to it, the largest being University of Chicago ($1,909,650). 1 of them have funded it in more than one year.

Revenue FY2025
$18M
Funders on record
1
Grants received
$1.9M
Net assets
$25M
1/1 repeat funderspeak grant-dependency 6%
01What it does

What Iit Research Institute does

Mission

Perform basic research and preclinical efficacy assessments of new molecular entities being developed for the prevention and treatment of cancer and infectious disease. Discover new pathways and targets for the design and development of new small molecule therapeutics and biotherapeutic agents.

As stated on its FY2025 Form 990.

Programs

  1. Working with scientists from the U.S. National Cancer Institute and other organizations, perform basic research and preclinical efficacy assessments of new molecular entities being developed for the prevention and treatment of infectious disease, with particular emphasis on pathogenic agents of interest to the biodefense community. Working with the Department of Defense and other agencies, support the development of vaccines and therapeutic entities for infectious agents. Working with scientists from the U.S. National Institutes of Health and other agencies, perform preclinical assessments of small molecule therapeutics and biotherapeutics being developed for the treatment of stroke, tissue fibrosis, neurologic diseases, and other disease entities.

    $17,256,000 spent$17,276,000 earned by the program
    100% of program spending
  2. Other program services, not described on the e-filed return.

    $0 spent
    0% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $17,256,000.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($27M) Expenses 100 ($25M) Net assets 100 ($20M)2021 Revenue 108 ($29M) Expenses 104 ($26M) Net assets 116 ($23M)2022 Revenue 111 ($30M) Expenses 102 ($25M) Net assets 138 ($27M)2023 Revenue 103 ($28M) Expenses 104 ($26M) Net assets 147 ($29M)2024 Revenue 106 ($29M) Expenses 109 ($27M) Net assets 155 ($30M)2025 Revenue 65 ($18M) Expenses 92 ($23M) Net assets 127 ($25M)
202020212022202320242025
Revenue (65)Expenses (92)Net assets (127)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $33M to $42M (+29%).

$33M
$42M
$44M
$44M
$42M
$36M
202020212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

0% of IIT RESEARCH INSTITUTE’s revenue is contributions — more earned-revenue than three-quarters of its peers (52% for the typical peer).

This organization
Typical peer · 155 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 6 reported years ran a deficit.

$1.9M
’20
$3.1M
’21
$4.4M
’22
$1.9M
’23
$1.3M
’24
−$5.5M
’25
0.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Rajagopal R Echambadi

Chairman & CEO

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2020 and FY2021 filings.

202020212022202320242025
Listed151515151516
Joined·+6+3+3+4+1
No longer listed·63340
03Who funds it

Who funds it, year by year

2017 → 2022: the base held at 1 funder, grant income rose $8k → $42k.

Funder
'17
'19
'20
'21
'22
total
$1.9M
funders
1
1
1
1
1

From the IRS filings of IIT RESEARCH INSTITUTE’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of IIT RESEARCH INSTITUTE's grant income comes from Illinois funders.

IL

In-state vs out-of-state, by year

’17
’19
’20
’21
’22
Illinois out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

IIT RESEARCH INSTITUTE's funding has concentrated — grant income rose while the number of funders held roughly flat.

Operating margin−31% · bottom quartile
Months of reserve0.2mo · bottom quartile
Revenue growth (annualized)−8% · bottom quartile

this organization peer median middle 50% of peers· 78 science & tech nonprofits $10M–$100M, FY2025

Government funding IIT RESEARCH INSTITUTE receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $50.1M on record.

Federal$50.1M
grants $0contracts $50.1M
17
18
19
20
21
22
23
24
25
26
Top agencies
  • Department of Health and Human Services$47.4M
  • Department of Defense$2.7M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like IIT RESEARCH INSTITUTE

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Illinois

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

75% of spending goes to programs.

Program 75%Management 25%Fundraising 0%

Governance

4
board members
0%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

60%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

IL

Part of a family of 2 related entities

  • Illinois Institute of Technology · exempt
  • Technology Research Inc · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for IIT RESEARCH INSTITUTE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds IIT RESEARCH INSTITUTE?
IIT RESEARCH INSTITUTE (Illinois) receives grants from 1 organization whose IRS filings report $1,909,650 to it, the largest being University of Chicago ($1,909,650). 1 of them have funded it in more than one year.
How many funders does IIT RESEARCH INSTITUTE have?
IRS filings report 1 organization giving $1,909,650 in grants to IIT RESEARCH INSTITUTE, 1 of which have funded it in more than one year.
Who is the largest funder of IIT RESEARCH INSTITUTE?
University of Chicago is the largest funder on record, with $1,909,650 in grants. The full list of funders is on this page.
How can an organization like IIT RESEARCH INSTITUTE find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Iit Research Institute →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing