Public Charity

IIT RESEARCH INSTITUTE

IIT RESEARCH INSTITUTE is a Public Charity headquartered in Chicago, IL. Financial data from the 2025 filing: $17.5M revenue, $23.0M expenses, $36.3M total assets. 5 publicly reported grants to this organization, totaling roughly $1.9M, appear in IRS filings.

EIN: 362169122 Chicago, IL General Science NTEE: U20 Latest filing: 2025
Total Revenue$17.5M
Total Expenses$23.0M
Total Assets$36.3M
Grant Records5
Funding Total$1.9M
Filing Years2021–2025

Mission

Perform basic research and preclinical efficacy assessments of new molecular entities being developed for the prevention and treatment of cancer and infectious disease. Discover new pathways and targets for the design and development of new small molecule therapeutics and biotherapeutic agents.

Where $100 goes at Iit Research Institute

How Iit Research Institute divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$81 Programs the work itself
$19 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $81 for programs

$81
Working with scientists from the U.S
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Manager of IT & Cybersecurity Aleemuddin Muhammad
Assistant Vice President & Director of Contracts David Kaplan
President & Director David Mccormick
Provost, SVP Academic Affairs & Member Elizabeth Hudson
Treasurer, VP Finance & CFO Jeremy Fine
Attending Veterinarian Kelly Garcia

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$1,909,650 5 grants

Financial Trends

Year Revenue Expenses Assets
2025 $17.5M $23.0M $36.3M
2024 $28.7M $27.3M $42.2M
2023 $27.8M $26.0M $43.6M
2022 $29.9M $25.5M $44.2M
2021 $29.1M $26.0M $42.1M

Between 2021 and 2025, reported annual revenue declined from $29.1M to $17.5M (-40%), with total assets most recently reported at $36.3M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for IIT RESEARCH INSTITUTE

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