IHSA tournament profits and revenues have tumbled in recent years as employee salaries have risen. According to the Chicago Sun-Times:
Between 2006 and last year, profits from the tournament fell by 29 percent, government records filed by the IHSA show. Revenues — mostly from ticket sales — decreased by 17 percent between 2009 and last year.
IHSA spending on salaries and employee benefits, meanwhile, is up 21 percent in just one year’s time, according to the private, not-for-profit group’s most recent filing with the Internal Revenue Service.