Toyota Technological Institute at Chicago

Analysis

Toyota Technological Institute at Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2004, 22 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, Toyota Technological Institute at Chicago reported income of $386k and spending of $14.2m, spending 3683% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.3m to $386k (-96%), an average of -56% a year. The sharpest change came in the year to June 2023, when income dropped by 97%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Toyota Technological Institute at Chicago sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Womens Rural Entrepreneurial Network ($385k), City of Richmond Public Library Foundation ($386k) and Pine Grove Nursery School ($385k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 929% and program service revenue 307% of the total. Compensation of current officers, directors and key employees was $3.1m (22% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $283.4m against liabilities of $11.5m, net assets of $271.9m. It reported 93 employees.