University of Chicago Self Insurance Trust

Analysis

University of Chicago Self Insurance Trust is a registered charity in United States, based in Chicago, IL. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Chicago Self Insurance Trust reported income of $32.6m and spending of $36.2m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $34.8m to $32.6m (-6.3%), an average of -1.6% a year. The sharpest change came in the year to June 2023, when income rose by 96%. Over the whole period it spent 135% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Chicago Self Insurance Trust sits at the 99th 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 Hacienda Community Development Corporation ($32.5m), Saluscare Inc ($32.6m) and Samaritan House ($32.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 75% of the total. At year end it held assets of $299.0m against liabilities of $242.7m, net assets of $56.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.