FLORIDA INSTITUTE OF TECHNOLOGY INC

MELBOURNE, FL, 329016975 (321) 662-7297 Est. 1958 EIN 59-6046500
B430 - Education 990 - Public charity return 501(c)(3)
www.fit.edu

Mission

FLORIDA INSTITUTE OF TECHNOLOGY'S MISSION IS TO PROVIDE HIGH-QUALITY EDUCATION TO A CULTURALLY DIVERSE STUDENT BODY IN ORDER TO PREPARE STUDENTS FOR ENTERING THE GLOBAL WORKFORCE, SEEKING HIGHER-EDUCATION OPPORTUNITIES, AND SERVING WITHIN THEIR COMMUNITIES. THE UNIVERSITY ALSO SEEKS TO EXPAND KNOWLEDGE THROUGH BASIC AND APPLIED RESEARCH AND TO SERVE THE DIVERSE ECONOMIC, CULTURAL, AND SOCIETAL NEEDS OF OUR LOCAL, STATE, NATIONAL AND INTERNATIONAL CONSTITUENCIES.

Financials

Total Revenue
$237,768,004
Total Expenses
$216,516,225
Net Assets
$287,932,236
2,975 employees 34 volunteers
From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve
16.0 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 6.9%
Expenses ↑ 5.5%
Revenue Sources
Contributions 10.3% Earned revenue 83.0% Investment 5.9% Other 1.0%
Expense Breakdown
Program 61.6% Management 37.2% Fundraising 1.2%

Officers & Key Employees (33)

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Grants Received (306)

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EIN: 59-6046500 · Source: IRS Form 990 e-file data