THE UNIVERSITY OF CHICAGO: Single Audit Reports and Findings

THE UNIVERSITY OF CHICAGO's most recent single audit in the Federal Audit Clearinghouse covers fiscal year 2025, accepted March 31, 2026; the auditor observed on that filing is KPMG LLP. It reported 3 findings. 10 filings from 2016 to 2025 are on record. Data as of 2026-11-06.

Data as of Nov 6, 2026 · Source: Federal Audit Clearinghouse (public data)

Single audits by year

One row per audit year as the Federal Audit Clearinghouse accepted it. The auditor named is the one observed on that filing; THE UNIVERSITY OF CHICAGO is recorded in CHICAGO, Illinois under EIN 362177139, and the Clearinghouse records it as a higher education institution. Each report opens on the Clearinghouse itself; how to search the Federal Audit Clearinghouse explains the rest of the reporting package.

Single audits filed by THE UNIVERSITY OF CHICAGO
Audit yearFiscal year endFederal expendedThreshold appliedAuditor observedOpinionFindingsMW / SDFAC report
20252025-06-30$676,982,648$750,000KPMG LLPUnmodified3SD2025-06-GSAFAC-0000407083
20242024-06-30$661,263,717$750,000KPMG LLPUnmodified5—2024-06-GSAFAC-0000360466
20232023-06-30$644,177,338$750,000KPMG LLPUnmodified5MW2023-06-GSAFAC-0000058685
20222022-06-30$639,957,069$750,000KPMG LLPUnmodified2MW / SD2022-06-CENSUS-0000048485
20212021-06-30$759,773,270$750,000KPMG LLPUnmodified2MW2021-06-CENSUS-0000048485
20202020-06-30$508,996,465$750,000KPMG LLPUnmodified1MW2020-06-CENSUS-0000048485
20192019-06-30$485,899,807$750,000KPMG LLPUnmodified2MW / SD2019-06-CENSUS-0000048485
20182018-06-30$465,582,113$750,000KPMG LLPUnmodified3MW / SD2018-06-CENSUS-0000048485
20172017-06-30$467,279,612$750,000KPMG LLPUnmodified3MW / SD2017-06-CENSUS-0000048485
20162016-06-30$456,883,776$750,000KPMG LLPUnmodified2SD2016-06-CENSUS-0000048485

When is the next single audit due?

If THE UNIVERSITY OF CHICAGO is again required to have a single audit for the fiscal year ending Jun 30, 2026, the reporting package is due to the Federal Audit Clearinghouse by Mar 30, 2027 at the latest.

Whether an audit is required depends on federal awards expended in that year (the single audit threshold). The rule, 2 CFR 200.512(a): the reporting package is due within 30 calendar days after the auditee receives the auditor's report or nine months after the end of the audit period, whichever is earlier; the date above is the nine-month date, moved to Monday when it falls on a weekend. Last verified: 2026-11-15.

Which federal programs did this organization report?

From the most recent accepted report, as listed on its schedule of expenditures of federal awards (SEFA). "Major" is the designation the auditor made under 2 CFR 200.518, not ours.

Federal programs on the most recent report
ALNProgramExpendedMajor
84.268FEDERAL DIRECT STUDENT LOANS$93,650,934Yes
47.049MATHEMATICAL AND PHYSICAL SCIENCES$43,568,990Yes
93.859BIOMEDICAL RESEARCH AND RESEARCH TRAINING$41,116,807Yes
93.855ALLERGY AND INFECTIOUS DISEASES RESEARCH$35,788,299Yes
93.853EXTRAMURAL RESEARCH PROGRAMS IN THE NEUROSCIENCES AND NEUROLOGICAL DISORDERS$25,432,308Yes
93.847DIABETES, DIGESTIVE, AND KIDNEY DISEASES EXTRAMURAL RESEARCH$22,264,703Yes
93.395CANCER TREATMENT RESEARCH$18,541,552Yes
47.070COMPUTER AND INFORMATION SCIENCE AND ENGINEERING$11,920,581Yes
93.866AGING RESEARCH$11,350,943Yes
93.242MENTAL HEALTH RESEARCH GRANTS$11,170,749Yes
93.837CARDIOVASCULAR DISEASES RESEARCH$11,077,396Yes
81.049OFFICE OF SCIENCE FINANCIAL ASSISTANCE PROGRAM$10,821,119Yes
47.050GEOSCIENCES$10,345,171Yes
43.001SCIENCE$9,999,465Yes
93.279DRUG USE AND ADDICTION RESEARCH PROGRAMS$9,928,239Yes
93.307MINORITY HEALTH AND HEALTH DISPARITIES RESEARCH$9,485,099Yes
93.RDFEDERAL PROGRAM NAME UNKNOWN – RESEARCH AND DEVELOPMENT CLUSTER$8,964,444Yes
93.RDFEDERAL PROGRAM NAME UNKNOWN – RESEARCH AND DEVELOPMENT CLUSTER$8,886,020Yes
84.063FEDERAL PELL GRANT PROGRAM$8,865,505Yes
93.36821ST CENTURY CURES ACT - PRECISION MEDICINE INITIATIVE$8,562,050Yes
93.350NATIONAL CENTER FOR ADVANCING TRANSLATIONAL SCIENCES$8,531,475Yes
47.076STEM EDUCATION (FORMERLY EDUCATION AND HUMAN RESOURCES)$8,007,103Yes
93.172HUMAN GENOME RESEARCH$6,835,890Yes
93.396CANCER BIOLOGY RESEARCH$6,071,904Yes
93.865CHILD HEALTH AND HUMAN DEVELOPMENT EXTRAMURAL RESEARCH$5,860,185Yes

What findings did the auditor report?

The reference is the auditor’s; the requirement is the Compliance Supplement category the auditor selected. The finding text itself is not reproduced here; the FAC report linked above carries it in full. What the two severity levels mean: material weakness vs significant deficiency.

Findings on the most recent report
ReferenceRequirementSeverityRepeat
2025-001Allowable costs / cost principles (B)Significant deficiency / Questioned costsNo
2025-002Equipment and real property management (F)Significant deficiencyYes
2025-003Special tests and provisions (N)Significant deficiencyYes

Form 990 and IRS registration

Form 990 "accounting fees" (Part IX line 11c) cover all accounting services reported by the organization and are not the price of an audit engagement.

Where to find the return itself, and what our Form 990 data covers: Form 990 lookup.

Total revenue
$5,617,072,703
Total assets
$15,809,478,980
NTEE code
B430
Exempt under
501(c)(3)
Ruling year
1951
BMF release
2026-10-20

Read next

How we computed this

Every row comes from the Federal Audit Clearinghouse record named beside it, one report per audit year, with a resubmission superseding the filing it replaces. The auditor is the one named on that filing — it is not a statement about who audits THE UNIVERSITY OF CHICAGO now. Form 990 figures come from the IRS e-filed return named by its object id. This page exists because the organization filed at least two single audits, or one with a finding.

Cite this page

AuditRadar. “The University of Chicago, Illinois Single Audit FY2025.” https://getauditradar.com/single-audits/il/the-university-of-chicago-362177139/. Data as of 2026-11-06.