Illinois Policy Institute

Analysis

Illinois Policy Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Illinois Policy Institute reported income of $7.4m and spending of $7.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.9m to $7.4m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Illinois Policy Institute sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include St Vincent Senior Citizen Nutrition Program Inc ($7.4m), St Monicas Senior Living ($7.4m) and Bay Area Rehabilitation Center ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $283k (3.8% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.6m against liabilities of $1.2m, net assets of $1.4m.