Midwestern University
555 31st St, Downers Grove, IL · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $555,672,877 | $440,787,856 | $1,965,649,740 |
| FY2024 | $537,500,528 | $422,759,778 | $1,811,720,154 |
| FY2023 | $518,091,233 | $393,667,514 | $1,661,997,416 |
| FY2022 | $519,542,731 | $379,788,171 | $1,525,495,687 |
| FY2021 | $501,547,069 | $364,341,797 | $1,416,008,247 |
| FY2020 | $479,773,396 | $358,608,193 | $1,246,451,366 |
| FY2019 | $481,652,089 | $364,517,777 | $1,126,414,034 |
| FY2018 | $464,714,826 | $344,242,055 | $1,019,918,494 |
| FY2017 | $423,398,687 | $321,514,427 | $898,579,172 |
| FY2016 | $379,832,387 | $298,985,393 | $780,188,564 |
| FY2015 | $366,362,551 | $273,604,337 | $709,551,802 |
| FY2014 | $333,385,769 | $241,632,693 | $622,300,714 |
| FY2012 | $270,427,909 | $197,745,509 | $432,274,253 |
| FY2011 | $227,557,434 | $169,362,018 | $375,092,982 |
Form 990 filings
The returns filed by Midwestern University (EIN 36-3377698), 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 | $8,523,705 | 2% |
| Program service revenue | $492,699,161 | 89% |
| Other revenue | $54,450,011 | 10% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $409,927,623 | 93% |
| Management & general | $29,585,885 | 7% |
| Fundraising | $1,274,348 | <1% |
What the numbers show
- Program service revenue made up 89% of total revenue in FY2025.
- Program services accounted for 93% of functional expenses, management & general 7%, and fundraising 0%.
- 93% of functional expenses went to program services in FY2025. That is higher than 88.6% of 123 Education organizations in IL.
- Net assets covered about 53.5 months of expenses at the end of the reporting year. That puts it in the 74th percentile among 2303 Education organizations in IL.
- Total revenue was higher than 99.9% of 2338 Education organizations in IL.
- Total revenue rose from $227,557,434 in FY2011 to $555,672,877 in FY2025. Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2025.
- Net assets grew from $375,092,982 to $1,965,649,740 between FY2011 and FY2025.
- 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
MIDWESTERN UNIVERSITY DEDICATES THE INSTITUTION AND ITS RESOURCES TO THE HIGHEST STANDARDS OF ACADEMIC EXCELLENCE TO MEET THE EDUCATIONAL NEEDS OF THE HEALTH CARE COMMUNITY.
IRS status
| Ruling year | 1996 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B500 — Education (in IL) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- University of Illinois Foundation — Champaign, IL · $614,490,920
- Art Institute of Chicago — Chicago, IL · $464,393,130
- Illinois Institute of Technology — Chicago, IL · $448,541,928
- Columbia College Chicago — Chicago, IL · $267,562,634
- Wheaton College — Wheaton, IL · $249,246,344
- Bradley University — Peoria, IL · $240,758,276
- Lewis University — Romeoville, IL · $237,183,050
- Noble Network of Charter Schools — Chicago, IL · $230,347,701
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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.