Erikson Institute

Analysis

Erikson Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1966, 60 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, Erikson Institute reported income of $36.7m and spending of $26.1m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.2m to $36.7m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Erikson Institute sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Yosemite Valley Charter School ($36.6m), Houston Area Contractors Safety Council ($36.7m) and University of Sioux Falls ($36.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $1.6m (6.1% of expenses). Other salaries and wages came to $11.6m. It paid $70k in professional fundraising fees. At year end it held assets of $99.3m against liabilities of $29.8m, net assets of $69.6m. It reported 327 employees.