Financial Information for Massachusetts Institute of Technology

Massachusetts Institute of Technology's annual revenue was $6.7B in tax year 2024, reported on their IRS Form 990. They spent $5.5B in total expenses. 81% went to programs and services.

Financial Breakdown

What is Massachusetts Institute of Technology's total annual expenses?

Massachusetts Institute of Technology spent $5.5B in tax year 2024, according to their IRS Form 990 filing.

How much of Massachusetts Institute of Technology's budget goes to programs?

Massachusetts Institute of Technology spent $4.5B (81% of expenses) on programs and services in tax year 2024.

How much does Massachusetts Institute of Technology spend on overhead?

Massachusetts Institute of Technology's overhead in tax year 2024 includes administrative (18%) and fundraising (1%) of their expenses.

What is Massachusetts Institute of Technology's net worth?

Massachusetts Institute of Technology had net assets of $37.7B as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.