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Education · 2023 Form 990

Massachusetts Institute Of Technology: $5.0B Revenue, $3.8B Program Expenses

Cambridge, Massachusetts · EIN 042103594 · Filing year 2023

Massachusetts Institute Of Technology reported $5.0B in total revenue, $4.9B in total expenses, and $38.6B in total assets on its 2023 IRS Form 990. 78.0% of expenses ($3.8B) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: C (63/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

C
Efficiency Score
63/100

Key Facts (2023 Form 990)

Total Revenue
$5.0B
Total Expenses
$4.9B
Program Expenses
$3.8B
Program Expense Ratio
78.0%
Total Assets
$38.6B
Reserve Months
94.5 months
EIN
042103594
Latest 990 Year
2023
Top Officer Compensation
Not reported

The composite efficiency score of 63/100 puts Massachusetts Institute Of Technology at C — neither standout nor failing. Some factors run above the median (typically program spending) while others run below (typically reserves or trend stability).

On revenue, Massachusetts Institute Of Technology is among the largest U.S. nonprofits: $5.0B in 2023 reported revenue. Organizations at this scale typically operate hospitals, university systems, or national federations — the financial pattern looks more like a corporation than the small-charity stereotype. Massachusetts Institute Of Technology directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Five-year revenue trend is mildly negative: a modest decline that could reflect grant-cycle timing, donor turnover, or program wind-down. Worth checking against the program-spending pattern to see whether the decline is structural. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, Massachusetts Institute Of Technology sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue ratios should be read.


$5.0B
Revenue
$4.9B
Expenses
$38.6B
Total Assets
78.0%
Program Spending

How Massachusetts Institute Of Technology Compares

Massachusetts Institute Of Technology directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 63/100 is 11 points below the Education category average. The organization holds 94.5 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$3.8B
Program Spending
78.0% of expenses
Not reported
CEO Compensation
94.5 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Massachusetts Institute Of Technology, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Massachusetts Institute Of Technology has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Massachusetts Institute Of Technology, Donor FAQ

Massachusetts Institute Of Technology has an Efficiency Score of C (63/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Massachusetts Institute Of Technology is not reported in the most recent IRS 990 filing on file.

Massachusetts Institute Of Technology reported $5.0B in annual revenue and $4.9B in total expenses for filing year 2023. The organization holds $38.6B in total assets.

For every dollar donated to Massachusetts Institute Of Technology, approximately 78.0 cents goes to program activities. The organization has 94.5 months of operating reserves, providing financial stability to sustain its mission.

Massachusetts Institute Of Technology is a registered 501(c) organization with EIN 042103594, based in Cambridge, Massachusetts. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.