Massachusetts Institute of Technology
Massachusetts Institute of Technology reported $6.74 billion in revenue and $5.51 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $80.86 went to program services, $17.87 to management and general costs and $1.27 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 47.0% of the total. Government grants made up 7.3%. The highest compensation it reported for one person was $4,462,390 (President of MITIMCo). 7,409 people received more than $100,000 in reportable compensation. Revenue rose 40% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $5.51BFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $6.74BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.3% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.06 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 18.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 7.3% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 47.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $4,462,390 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.08% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 7,409 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 82.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 11 of 14 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseSponsored research: mit's cambridge, ma campus provides a fertile setting for research that has spawned a host of scientific breakthroughs and technological advances. Primarily sponsored by federal grants and contracts, research at mit aims to develop innovative solutions to the world's most daunting challenges. From addressing the energy needs of tomorrow to improving cancer therapies and more, mit's research efforts are enhanced through creative collaborations in interdisciplinary labs and with leading research institutes and consortia around the world
Instruction, unsponsored research, and other: mit is committed to providing a world-class education to our approximately 4,500 undergraduates and approximately 7,400 graduate students. An mit education combines analytical rigor with hands-on learning, imagination, and an appetite for solving the hardest problems in service to society. Research flourishes in departments across mit's five schools and one college (science; engineering; humanities, arts & social sciences; architecture & planning; management; and computing), as well as in centers, labs, and programs that convene experts across…
Undergraduate scholarships and graduate tuition support: mit's undergraduate financial aid program ensures that an mit education is accessible to all qualified candidates regardless of their financial resources. Mit remains dedicated to providing financial aid to meet the full cost of an mit education, based on the needs of the family. In 2024-2025, approximately 57% of all undergraduates received some type of need-based financial aid from mit. Financial aid for graduate students includes fellowships, and teaching and research assistantships. Tuition support also includes external support…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President of MITIMCo Key employee, 60.0 hrs/week | $3,845,075 | $0 | $617,315 | $4,462,390 |
| Global Investment Professional, MITIMCo Highest compensated employee, 60.0 hrs/week | $2,411,804 | $0 | $562,091 | $2,973,895 |
| Global Investment Professional, MITIMCo Highest compensated employee, 60.0 hrs/week | $2,406,464 | $0 | $523,521 | $2,929,985 |
| Global Investment Professional, MITIMCo Highest compensated employee, 60.0 hrs/week | $2,372,792 | $0 | $546,539 | $2,919,331 |
| Global Investment Professional, MITIMCo Highest compensated employee, 60.0 hrs/week | $2,132,811 | $0 | $478,024 | $2,610,835 |
| President Director/trustee, officer, 60.0 hrs/week | $1,734,292 | $0 | $417,496 | $2,151,788 |
| Professor (Former President) Highest compensated employee, 60.0 hrs/week | $1,807,611 | $0 | $42,219 | $1,849,830 |
| Provost Key employee, 60.0 hrs/week | $1,084,227 | $0 | $19,305 | $1,103,532 |
7,409 people received more than $100,000 in reportable compensation from Massachusetts Institute of Technology (Part VII, line 2). Compensation of current officers, directors and key employees totaled $14M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 528,041
- Volunteers Part I, line 615,812
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| American Campus Communities Construction | $105,500,880 |
| Arranta Bio MA LLC Research - Subrecipient Agreement | $26,001,613 |
| Bon Appetit Management Food Services | $22,888,680 |
| EPI-USE AMERICA INC IT Consulting Services | $22,120,033 |
Individuals listed as contractors are left out. 593 contractors were paid more than $100,000 in all.
Private foundation grants it received
290 private foundations reported grants to Massachusetts Institute of Technology totaling $140M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Massachusetts Institute of Technology's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Massachusetts Institute of Technology, you can publish a response that is linked from this page.
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Of every $100 Massachusetts Institute of Technology spent in FY2025, $80.86 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- University of RochesterRochester, NY · revenue $6.42B · programs 96.4% · FY2025
- University of MiamiCoral Gables, FL · revenue $7.04B · programs 93.4% · FY2025
- University of Southern CaliforniaLos Angeles, CA · revenue $5.93B · programs 81.5% · FY2025
- Cornell UniversityIthaca, NY · revenue $7.48B · programs 82.7% · FY2025
- Washington UniversitySaint Louis, MO · revenue $5.90B · programs 91.9% · FY2025
All education charities · Largest charities in Massachusetts
Questions people ask
How much of Massachusetts Institute of Technology's spending goes to programs?
In the fiscal year ending June 30, 2025, Massachusetts Institute of Technology reported that 80.9% of its $5.51 billion in expenses went to program services, 17.9% to management and general and 1.3% to fundraising (Form 990, Part IX).
How much does Massachusetts Institute of Technology pay its top executive?
The largest total compensation Massachusetts Institute of Technology reported for one person in the fiscal year ending June 30, 2025 was $4,462,390, for the role of President of MITIMCo (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Massachusetts Institute of Technology get its money?
Of $6.74 billion in revenue in the fiscal year ending June 30, 2025, 18.0% came from contributions and grants (including 7.3% from government grants) and 47.0% from program service revenue (Form 990, Part VIII).
Is Massachusetts Institute of Technology a registered charity?
The IRS lists EIN 04-2103594 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601359349306115 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349301830 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441369349318094 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311329349308061 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221339349300632 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131379349301308 · read the filing
All filings for EIN 04-2103594: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.