Massachusetts Institute of Technology

Cambridge, MA, 021394307 (617) 324-8969 Est. 1861 EIN 04-2103594
B430 - Education 990 - Public charity return 501(c)(3)
web.mit.edu

Mission

THE MISSION OF MIT IS TO ADVANCE KNOWLEDGE AND EDUCATE STUDENTS IN SCIENCE, TECHNOLOGY, AND OTHER AREAS OF SCHOLARSHIP THAT WILL BEST SERVE THE NATION AND THE WORLD IN THE 21ST CENTURY.

Grants Awarded · 430 grants

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Financials

Total Revenue
$6,737,799,000
Total Expenses
$5,505,788,000
Net Assets
$37,662,530,000
28,041 employees 15,812 volunteers
From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve
6.8 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 15.1%
Expenses ↑ 6.0%
Revenue Sources
Contributions 18.0% Earned revenue 47.0% Investment 25.3% Other 10.0%
Expense Breakdown
Program 80.9% Management 17.9% Fundraising 1.3%

Officers & Trustees (34)

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Filing History (8 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jul 1, 2024 to Jun 30, 2025
$6,737,799,000 ↑$5,505,788,000$37,662,530,000
2023 990 - Public charity return
Jul 1, 2023 to Jun 30, 2024
$5,855,286,000 ↑$5,194,162,000$33,538,869,000
2022 990 - Public charity return
Jul 1, 2022 to Jun 30, 2023
$4,954,533,000 ↓$4,901,572,000$32,162,489,000
2021 990 - Public charity return
Jul 1, 2021 to Jun 30, 2022
$6,378,650,000 ↑$4,540,620,000$33,202,839,000
2020 990 - Public charity return
Jul 1, 2020 to Jun 30, 2021
$5,726,158,000 ↑$4,281,626,000$36,408,939,000
2019 990 - Public charity return
Jul 1, 2019 to Jun 30, 2020
$4,804,195,000 ↓$4,165,517,000$23,795,577,000
2018 990 - Public charity return
Jul 1, 2018 to Jun 30, 2019
$5,308,609,000 ↑$4,075,066,000$22,552,551,000
2017 990 - Public charity return
Jul 1, 2017 to Jun 30, 2018
$4,443,525,000 $3,855,696,000$21,374,624,000

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EIN: 04-2103594 · Source: IRS Form 990 e-file data