Illinois Science and Technology Institute

Analysis

Illinois Science and Technology Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Illinois Science and Technology Institute reported income of $657k and spending of $798k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $961k to $657k (-32%), an average of -9.1% a year. The sharpest change came in the year to June 2022, when income rose by 413%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Illinois Science and Technology Institute sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include American Center for Senior Citizen Services ($656k), Lend a Hand Foundation Inc of Northern California ($657k) and Global Alliance Solutions Foundation ($656k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $404k. At year end it held assets of $732k against liabilities of $331k, net assets of $401k.