Art Institute Of Chicago: $359.5M Revenue, $340.0M Expenses
Chicago, Illinois · EIN 362167725 · Filing year 2023
Art Institute Of Chicago reported $359.5M in total revenue, $340.0M in total expenses, and $1.9B in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $5.9M (1.65% of revenue). NonprofitTruth efficiency grade: C (52/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $359.5M
- Total Expenses
- $340.0M
- Total Assets
- $1.9B
- Reserve Months
- 66.6 months
- Surplus / (Deficit)
- $19.6M
- EIN
- 362167725
- Latest 990 Year
- 2023
- Current-Officer Compensation
- $5.9M
- Officer Comp % of Revenue
- 1.65%
The composite efficiency score of 52/100 puts Art Institute Of Chicago at C — neither standout nor failing. Some factors run above the median (often reserves) while others run below (often revenue stability or officer-comp ratio).
Annual revenue at Art Institute Of Chicago runs $359.5M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. On the financial-health factor, Art Institute Of Chicago runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.
Revenue has been roughly stable over the five-year filing window. The pattern is normal for established organizations operating in a mature program area. Officer compensation is modest relative to organizational size: Art Institute Of Chicago reports $5.9M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $359.5M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, Art Institute Of Chicago sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.
How Art Institute Of Chicago Compares
Art Institute Of Chicago earns a NonprofitTruth efficiency grade of C (52/100). That is 12 points below the Education category average. Compensation for current officers and key employees represents 1.65% of total revenue. The organization holds 66.6 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Art Institute Of Chicago reported $359.5M in revenue against $340.0M in total functional expenses for filing year 2023, holding roughly 66.6 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
The 990 reports $5.9M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 1.65% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
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Art Institute Of Chicago has a NonprofitTruth Efficiency Score of C (52/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Art Institute Of Chicago, Donor FAQ
Art Institute Of Chicago has a NonprofitTruth Efficiency Score of C (52/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Art Institute Of Chicago reports $5.9M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 1.65% of the organization's $359.5M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
Art Institute Of Chicago reported $359.5M in annual revenue and $340.0M in total expenses for filing year 2023. The organization holds $1.9B in total assets.
Art Institute Of Chicago holds approximately 66.6 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.
Art Institute Of Chicago is a registered 501(c) organization with EIN 362167725, based in Chicago, Illinois. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
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Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.