Underwriters Laboratories Inc
1603 Orrington Avesuite 1700, Evanston, IL · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $46,451,010 | $110,181,419 | $1,116,114,947 |
| FY2023 | $15,352,626 | $91,654,071 | $1,042,892,650 |
| FY2022 | $1,640,913 | $59,203,846 | $940,506,701 |
| FY2021 | $1,224,941,752 | $7,689,230,678 | $1,084,557,032 |
| FY2020 | $33,764,842 | $45,706,714 | $747,588,452 |
| FY2019 | $30,105,111 | $48,309,679 | $759,530,324 |
| FY2018 | $29,251,539 | $38,128,750 | $777,734,892 |
| FY2017 | $29,700,588 | $34,795,655 | $786,612,103 |
| FY2016 | $25,297,187 | $34,435,660 | $791,707,168 |
| FY2015 | $22,649,705 | $30,811,223 | $800,845,641 |
| FY2014 | $18,196,678 | $31,627,066 | $809,007,159 |
| FY2013 | $16,907,419 | $27,262,734 | $822,437,547 |
| FY2012 | $17,210,587 | $24,187,665 | $832,548,330 |
| FY2011 | $2,077,027,269 | $793,436,823 | $861,772,587 |
Form 990 filings
The returns filed by Underwriters Laboratories Inc (EIN 36-1892375), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $8,871,794 | 19% |
| Program service revenue | $17,000 | <1% |
| Other revenue | $37,562,216 | 81% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $68,641,997 | 62% |
| Management & general | $41,539,422 | 38% |
| Fundraising | $0 | 0% |
What the numbers show
- Other revenue made up 81% of total revenue in FY2024.
- Program services accounted for 62% of functional expenses, management & general 38%, and fundraising 0%.
- 62% of functional expenses went to program services in FY2024. That is higher than 9.2% of 185 Public & Societal Benefit organizations nationwide (too few in IL for a state comparison).
- Net assets covered about 121.6 months of expenses at the end of the reporting year. That puts it in the 90th percentile among 268 Public & Societal Benefit organizations in IL.
- Total revenue was higher than 98.2% of 273 Public & Societal Benefit organizations in IL.
- Total revenue fell from $2,077,027,269 in FY2011 to $46,451,010 in FY2024. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 13 of 14 reported years (FY2012, FY2013, FY2014, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024).
- The highest revenue on record here is $2,077,027,269 in FY2011.
- Net assets grew from $861,772,587 to $1,116,114,947 between FY2011 and FY2024.
- Contributions and grants made up 0% of revenue in FY2011 and 19% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IRS status
| Ruling year | 1955 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | W900 — Public & Societal Benefit (in IL) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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