Loyola University of Chicago

Analysis

Loyola University of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Loyola University of Chicago reported income of $992.7m and spending of $913.2m, spending 92% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $857.0m to $992.7m (+16%), an average of +5.0% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loyola University of Chicago sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IL. Charities of a similar size with the same main cause include Nova Southeastern University Inc ($937.8m), Idea Public Schools ($1.00bn) and American University ($933.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.7% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $10.8m (1.2% of expenses). Other salaries and wages came to $299.5m. It paid $118k in professional fundraising fees. At year end it held assets of $2.49bn against liabilities of $412.3m, net assets of $2.08bn. It reported 9,569 employees.