Illinois · Nonprofit
Illinois Institute of Technology
Illinois Institute of Technology (Illinois) receives grants from 245 organizations whose IRS filings report $78,234,804 to it, the largest being THE JOHN P CALAMOS FOUNDATION ($13,075,000). 146 of them have funded it in more than one year.
- Revenue FY2025
- $449M
- Funders on record
- 245
- Grants received
- $78M
- Net assets
- $433M
What Illinois Institute of Technology does
Mission
To provide distinctive and relevant education in an environment of scientific, technological, and professional knowledge creation and innovation.
As stated on its FY2025 Form 990.
Programs
INSTRUCTION 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 professional future where success knows no limits. (SEE SCHEDULE O)
$261,667,565 spentof which $153,562,608 as grants$255,360,877 earned by the program67% of program spendingRESEARCH:- 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 professional knowledge creation and innovation. (SEE SCHEUDLE O)
$78,425,206 spent$51,667,638 earned by the program20% of program spendingSTUDENT SERVICES:- This program provides health, academic, career services, transitional assistance, student orientation, and other student services including the student finance center, admissions, and registration.
$28,893,265 spent$8,010,703 earned by the program7% of program spendingAUXILIARY SERVICES:- This provides for campus housing and dining for the students and includes residence halls and a dining room, apartment-style buildings, eight fraternity houses, and two sorority houses.
$15,924,762 spent$17,017,965 earned by the program4% of program spendingACADEMIC SUPPORT:- IIT provides students with the information skills to compete in today's challenging and rapidly changing environment through its several libraries and academic computing centers allowing students access to terminals. In addition, the Academic Resource Center office offers several programs that provide peer tutoring, exam reviews, advising, and counseling.
$6,534,000 spent$7,482,940 earned by the program2% of program spending
The 5 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $391,444,798.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $725M to $833M (+15%).
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.
Government-grant reliance: 2017 13% · 2018 13% · 2019 12% · 2020 10% · 2021 13% · 2022 13% · 2023 13% · 2024 11% · 2025 13%. Grants only. Government contracts and fees sit inside program revenue.
23% of Illinois Institute of Technology’s revenue is contributions — more donation-reliant than the typical peer (14% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.
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.
Who funds it, year by year
2017 → 2023: the base broadened from 62 funders to 75 funders, grant income rose $4.1M → $8.3M.
33 of 245 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 22% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Illinois Institute of Technology’s funders (the co-funder graph). Top 30 of 245 funders by total. 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.
How concentrated its funding is
Illinois Institute of Technology has a broad base — no single funder exceeds 17% of grant income, and it takes 6 funders to reach half.
the vertical line marks half of all grant income — 6 funders to its left
41% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Illinois Institute of Technology.
Largest funder’s share by year: 2017 32% · 2018 39% · 2019 32% · 2020 24% · 2021 15% · 2022 11% · 2023 19% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. 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.
How long its funders stay
35% of Illinois Institute of Technology's funders are still giving 3 years after their first grant; 60% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
70% of Illinois Institute of Technology's grant income comes from Illinois funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $17M arriving through sponsors registered in 16 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. 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.
Against its field
Illinois Institute of Technology's funding base is broadening — from 62 funders to 75 as grant income climbed.
this organization peer median middle 50% of peers· 684 education nonprofits over $100M, FY2025
Government funding Illinois Institute of Technology receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $257.7M on record — $257.7M federal, $2k state.
- Department of Health and Human Services$107.1M
- National Science Foundation$64.7M
- Department of Energy$32.8M
- Department of Education$24.0M
- Department of Defense$11.7M
- Department of Transportation$6.8M
- Scholarships-Students$2k
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 Illinois Institute of Technology
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
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
85% of spending goes to programs.
Governance
Public support
88%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 2 states
Part of a family of 3 related entities
- Iit Research Institute · exempt
- Perpetual Trust (9) Beneficial Interest in Donor Trusts · corp_trust
- Illinois Institute of Technology (India) Private Ltd · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for Illinois Institute of Technology: 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.
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 Illinois Institute of Technology?
- Illinois Institute of Technology (Illinois) receives grants from 245 organizations whose IRS filings report $78,234,804 to it, the largest being THE JOHN P CALAMOS FOUNDATION ($13,075,000). 146 of them have funded it in more than one year.
- How many funders does Illinois Institute of Technology have?
- IRS filings report 245 organizations giving $78,234,804 in grants to Illinois Institute of Technology, 146 of which have funded it in more than one year.
- Who is the largest funder of Illinois Institute of Technology?
- THE JOHN P CALAMOS FOUNDATION is the largest funder on record, with $13,075,000 in grants. The full list of funders is on this page.
- How can an organization like Illinois Institute of Technology 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 Illinois Institute of Technology →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 245 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 22, 2026. What this page cannot tell you · view filing