Massachusetts Institute of Technology
Massachusetts Institute of Technology
AI Summary
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The Massachusetts Institute of Technology (EIN: 04-2103594) is a leading nonprofit organization focused on university education, dedicated to advancing knowledge and educating students in science, technology, and other scholarly areas to serve the nation and the world in the 21st century. With an operating budget of $4.5 billion and total revenue of $5.9 billion for the 2024 filing year, MIT demonstrates significant financial scale, supported by multiple top funders, none of which contribute 50% or more of its revenue.
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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Explore this org's ecosystem
See similar nonprofits by cause and location, their funders, and their grants.
Populations
1
Academics
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
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 PETER AND CARMEN LUCIA BUCK FOUNDATION INC. 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 $15 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.