UNIVERSITY OF CHICAGO
5801 S ELLIS AVE SUITE 300, CHICAGO, IL · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $5,617,072,703 | $5,563,252,626 | $9,040,649,825 |
| FY2024 | $4,888,334,650 | $5,247,378,934 | $8,471,800,591 |
| FY2023 | $4,659,559,211 | $4,828,941,301 | $8,495,134,134 |
| FY2022 | $4,613,831,972 | $4,424,487,118 | $8,598,931,518 |
| FY2021 | $4,208,313,004 | $3,761,982,970 | $9,801,956,963 |
| FY2020 | $3,705,144,407 | $4,101,909,518 | $7,223,970,958 |
| FY2019 | $4,490,577,850 | $3,819,615,625 | $7,663,847,797 |
| FY2018 | $3,698,811,375 | $3,542,724,827 | $6,898,563,000 |
| FY2017 | $3,598,136,536 | $3,379,443,437 | $6,664,569,000 |
| FY2016 | $3,244,736,644 | $3,422,030,480 | $6,092,434,000 |
| FY2015 | $3,333,076,637 | $3,352,267,064 | $6,581,617,000 |
| FY2014 | $3,273,281,179 | $3,128,457,240 | $6,648,495,000 |
| FY2013 | $3,091,898,511 | $2,909,837,288 | $6,183,175,000 |
| FY2012 | $2,207,712,725 | $2,301,483,013 | $5,804,573,000 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $2,578,850,303 | 49% |
| Program service revenue | $2,658,019,400 | 51% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $4,681,065,254 | 84% |
| Management & general | $816,279,263 | 15% |
| Fundraising | $65,908,109 | 1% |
What the numbers show
- Program service revenue made up 51% of total revenue in FY2025.
- Program services accounted for 84% of functional expenses, management & general 15%, and fundraising 1%.
- 84% of functional expenses went to program services in FY2025. That is higher than 49.6% of 123 Education organizations in IL.
- Net assets covered about 19.5 months of expenses at the end of the reporting year. That puts it in the 54th percentile among 2302 Education organizations in IL.
- Total revenue was higher than 100% of 2337 Education organizations in IL.
- Total revenue rose from $2,207,712,725 in FY2012 to $5,617,072,703 in FY2025, Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2012, FY2015, FY2016, FY2020, FY2023, FY2024).
- Net assets grew from $5,804,573,000 to $9,040,649,825 between FY2012 and FY2025.
- Contributions and grants made up 33% of revenue in FY2012 and 46% in FY2025.
- Donations are generally tax-deductible (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
THE MISSION OF THE UNIVERSITY OF CHICAGO HAS BEEN TO SUSTAIN AT THE HIGHEST LEVEL OF EXCELLENCE, THE COMMUNICATION OF KNOWLEDGE, THE CREATION OF KNOWLEDGE AND THE FOSTERING OF A DYNAMIC COMMUNITY OF SCHOLARS AND STUDENTS.
IRS status
| Ruling year | 1951 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in IL) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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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