EIN 04-2103594

Massachusetts Institute of Technology (MIT)

IRS 501(c) type
Num. employees
Year formed
Most recent tax filings
The mission of Massachusetts Institute of Technology (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.
Also known as...
Tau Beta Pi
Total revenues
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Num. employees

Program areas at MIT

Sponsored research: mit's cambridge, ma campus provides a fertile setting for research that has spawned a host of scientific breakthroughs and technological advances. Primarily sponsored by federal grants and contracts, research at mit aims to develop innovative solutions to the world's most daunting challenges. From addressing the energy needs of tomorrow to improving cancer therapies and more, mit's research efforts are enhanced through creative collaborations in interdisciplinary labs and with leading research institutes and consortia around the world.
Scholarships and fellowships: mit's undergraduate financial aid program ensures that an mit education is accessible to all qualified candidates regardless of their financial resources. Mit remains dedicated to providing financial aid to meet the full cost of an mit education, based on the needs of the family. In 2021-2022, approximately 58% of all undergraduates received some type of need-based financial aid from mit. Financial aid for graduate students includes fellowships, traineeships, teaching and research assistantships, and loans.
Instruction, unsponsored research, and other: mit is committed to providing a world-class education to our approximately 4,600 undergraduates and approximately 7,300 graduate students. The focus of instruction is not only scientific and technical, but includes a strong humanities component and emphasizes creative problem solving. Mit's six schools and colleges (science; engineering; humanities, arts & social sciences; architecture & planning; management; and computing) create the foundation of a rigorous mit education, which is heightened by service to communities around the world. Other expenditures (including grants) incurred, and revenues generated in connection with mit's other program services related to various activities in furtherance of and in support of mit's exempt mission included but were not limited to such things as fees and services (for example, medical department, Technology licensing office), auxiliary enterprises (for example, housing, dining), and other miscellaneous program service revenue.

Who funds Massachusetts Institute of Technology (MIT)

Grants from foundations and other nonprofits
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$87,339,491
Stephen A Schwarzman FoundationSupport A Building Focused Promoting the Application of Artificial Intelligence$25,759,475
Jasper Ridge PartnersGeneral Support$20,000,000
...and 556 more grants received totalling $389,193,559
Federal funding details
Federal agencyProgram nameAmount
Department of DefenseFA8702-15-D-0001$356,318,741
Department of DefenseFA8702-15-D-0001$258,307,063
Department of DefenseFA8702-15-D-0001$138,182,797
...and 997 more federal grants / contracts

Personnel at MIT

Melissa NoblesChancellor$477,516
Katherine HammerVice President for Finance
Alfred IronsideVice President for Communications$408,600
Mark SilisVice President for Information Systems and Technology
Julie LucasVice President for Resource Development$597,204
...and 16 more key personnel

Financials for MIT

RevenuesFYE 06/2022
Total grants, contributions, etc.$1,252,909,000
Program services$2,585,121,000
Investment income and dividends$113,429,000
Tax-exempt bond proceeds$25,000
Royalty revenue$61,939,000
Net rental income$61,128,000
Net gain from sale of non-inventory assets$2,304,099,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$6,378,650,000

Form 990s for MIT

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-12990View PDF
2020-062021-05-26990View PDF
2019-062021-01-28990View PDF
2018-062019-06-19990View PDF
2017-062018-11-15990View PDF
...and 8 more Form 990s

Organizations like MIT

University of RochesterRochester, NY$4,935,271,271
Columbia UniversityNew York, NY$7,109,530,946
Yale UniversityNew Haven, CT$7,410,414,729
The Trustees of Princeton UniversityPrinceton, NJ$5,021,934,000
University of PittsburghPittsburgh, PA$3,230,553,057
Johns Hopkins University (JHU)Baltimore, MD$8,434,336,000
Washington University in St. Louis (Wash. U)Saint Louis, MO$5,567,524,594
Dartmouth CollegeHanover, NH$1,952,191,796
Harvard UniversityCambridge, MA$9,623,728,188
Northwestern UniversityEvanston, IL$3,678,521,388
Data update history
July 21, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 13, 2023
Used new vendors
Identified 25 new vendors, including , , , , , , , , , , , , , , , , , , , , , , , , and
May 20, 2023
Updated personnel
Identified 8 new personnel
May 6, 2023
Received grants
Identified 2 new grant, including a grant for $46,491 from Washington University in St. Louis (Wash. U)
August 3, 2022
Received grants
Identified 81 new grant, including a grant for $4,000,000 from Fidelity Non-Profit Management Foundation
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Political advocacyOperates donor advised fundsLobbyingOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersTax deductible donations
General information
77 Massachusetts Ave Ne49-3142
Cambridge, MA 02139
Metro area
Boston-Cambridge-Newton, MA-NH
Middlesex County, MA
Website URL
(617) 253-1000
Facebook page
Twitter profile
IRS details
Fiscal year end
Taxreturn type
Form 990
Year formed
Eligible to receive tax-deductible contributions (Pub 78)
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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