Art Institute Of Chicago: $359.5M Revenue, $265.2M Program 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. 78.0% of expenses ($265.2M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: C (58/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $359.5M
- Total Expenses
- $340.0M
- Program Expenses
- $265.2M
- Program Expense Ratio
- 78.0%
- Total Assets
- $1.9B
- Reserve Months
- 66.6 months
- EIN
- 362167725
- Latest 990 Year
- 2023
- Top Officer Compensation
- Not reported
The composite efficiency score of 58/100 puts Art Institute Of Chicago at C — neither standout nor failing. Some factors run above the median (typically program spending) while others run below (typically reserves or trend stability).
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. Art Institute Of Chicago directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.
Revenue has been roughly stable over the five-year filing window. The pattern is normal for established organizations operating in a mature program area. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. 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 ratios should be read.
How Art Institute Of Chicago Compares
Art Institute Of Chicago directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 58/100 is 16 points below the Education category average. The organization holds 66.6 months of operating reserves, indicating strong financial stability.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to Art Institute Of Chicago, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
Art Institute Of Chicago has an Efficiency Score of C (58/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
Art Institute Of Chicago, Donor FAQ
Art Institute Of Chicago has an Efficiency Score of C (58/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for Art Institute Of Chicago is not reported in the most recent IRS 990 filing on file.
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.
For every dollar donated to Art Institute Of Chicago, approximately 78.0 cents goes to program activities. The organization has 66.6 months of operating reserves, providing financial stability to sustain its mission.
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 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.