Massachusetts Institute of Technology
Massachusetts Institute of Technology
AI Summary
Massachusetts Institute of Technology is a university education nonprofit whose mission 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. In filing year 2025, it reported an operating budget of $4.8B and total revenue of $6.7B, with major support including The Lord Foundation of Massachusetts Inc at $317.1M (2022), THE PATRICK J MCGOVERN FOUNDATION INC at $236M (2024), and STEPHEN A SCHWARZMAN FOUNDATION at $152.5M (2023).
Mission Statement
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.
Cause Areas
1
University education
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Populations
0
This organization has not submitted any populations.
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Key Impact Metrics
12K
Students Served
1K
Faculty Engaged
$740
Research Expenditures ($ in 2021)
800
Collaborations with Industry
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- 1.3K funders
- 80 board & team members
- 11 historic 990s & financials
- 6-year operating budget trend
Frequently Asked Questions
What is Massachusetts Institute of Technology’s budget?
In 2024, Massachusetts Institute of Technology reported an annual operating budget of around $4.5 billion. More detailed financial information is available to registered users.
What causes does Massachusetts Institute of Technology support?
Massachusetts Institute of Technology supports work in University education.
Where does Massachusetts Institute of Technology operate?
Massachusetts Institute of Technology is headquartered in Cambridge, MA.
Who funded Massachusetts Institute of Technology recently?
In 2025, Massachusetts Institute of Technology received grants from AMERICAN ONLINE GIVING FOUNDATION INC, SUC TUW KINGSLEY GILLESPIE CRT, and THE V FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant Massachusetts Institute of Technology received in 2024?
The largest grant to Massachusetts Institute of Technology in 2024 exceeds $75.4 million.
What is Massachusetts Institute of Technology’s reliance on government grants?
Massachusetts Institute of Technology relied on government grants for more than 5% of their total revenue in 2024.