Florida Institute of Technology research and development spending, FY2024
- Melbourne, FL
- R2
- Private nonprofit
- Standard form filer
Florida Institute of Technology in FY2024
$17.8 million
spent on research and development in FY2024, as reported to the NSF HERD Survey
- National rank
- #319 of 925
- Change on FY2023
- up 5.8%
- Rank change
- up 2
Florida Institute of Technology reported $17.8 million of research and development spending in FY2024, ranking #319 of the 925 institutions in the survey. That is up 5.8% on FY2023's $16.9 million; its national rank was up 2 places. Federal government is its largest funding source at 60.3% ($10.8 million), followed by institution funds at 26.6%. Its largest field of research is engineering, $5.9 million or 33.0% of the total.
Over time
Research spending, FY2010 to FY2024
Standard-form totals FY2010 onwards as revised by NCSES in the newest release; rank is within that series.
Year-by-year figures
| Fiscal year | R&D expenditure | Rank in series |
|---|---|---|
| FY2010 | $12.1 million | 294 |
| FY2011 | $14.5 million | 286 |
| FY2012 | $17.1 million | 274 |
| FY2013 | $13.3 million | 286 |
| FY2014 | $14.3 million | 287 |
| FY2015 | $14.3 million | 288 |
| FY2016 | $18.9 million | 271 |
| FY2017 | $18.2 million | 270 |
| FY2018 | $17.4 million | 275 |
| FY2019 | $17.9 million | 282 |
| FY2020 | $18.3 million | 277 |
| FY2021 | $23.2 million | 264 |
| FY2022 | $17.7 million | 303 |
| FY2023 | $16.9 million | 321 |
| FY2024 | $17.8 million | 319 |
FY2024 breakdown
Where the money came from, and what it paid for
FY2024 funding sources and research fields
Funding sources
The 5 NSF funding sources Florida Institute of Technology reported in FY2024, largest first. Shares are of its own FY2024 total, and the rank is national within that source.
| Source | FY2024 | Share | Change on FY2023 | US rank |
|---|---|---|---|---|
| Federal government | $10.8 million | 60.3% | −6.6% | 300 |
| Institution funds | $4.7 million | 26.6% | +11.6% | 319 |
| State and local government | $1.3 million | 7.5% | +73.6% | 290 |
| Business | $575 thousand | 3.2% | +304.9% | 280 |
| Nonprofit organizations | $430 thousand | 2.4% | +144.3% | 377 |
| All sources | $17.8 million | 100.0% | +5.8% | 319 |
Fields of research
The 9 NSF research fields Florida Institute of Technology reported in FY2024, largest first.
| Field | FY2024 | Share | Change on FY2023 | US rank |
|---|---|---|---|---|
| Engineering | $5.9 million | 33.0% | +17.2% | 216 |
| Geosciences, atmospheric sciences, and ocean sciences | $3.7 million | 20.9% | +21.8% | 148 |
| Computer and information sciences | $3.3 million | 18.2% | −4.8% | 167 |
| Life sciences | $2.4 million | 13.5% | +42.8% | 384 |
| Physical sciences | $1.7 million | 9.6% | −28.7% | 267 |
| Other sciences | $346 thousand | 1.9% | — | 173 |
| Psychology | $191 thousand | 1.1% | −76.7% | 338 |
| Non-S&E | $165 thousand | 0.9% | −31.5% | 569 |
| Mathematics and statistics | $154 thousand | 0.9% | −26.7% | 304 |
Neighbours
Ranked around Florida Institute of Technology
Institutions ranked immediately above and below
The five institutions ranked above Florida Institute of Technology and the five below it in the FY2024 national ranking.
| Rank | Institution | FY2024 R&D |
|---|---|---|
| 314 | University of New Orleans | $19.3M |
| 315 | Towson University | $19.2M |
| 316 | Texas Southern University | $19.0M |
| 317 | Long Island University | $18.8M |
| 318 | Duquesne University | $18.3M |
| 319 | Florida Institute of Technology | $17.8M |
| 320 | Southern Illinois University, Edwardsville | $17.7M |
| 321 | Idaho State University | $17.5M |
| 322 | Sam Houston State University | $16.7M |
| 323 | Alabama A&M University | $16.2M |
| 324 | North Carolina Central University | $16.2M |
Keep looking
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Request a demoData: NSF HERD FY2024, built from NSF's published tables on September 8, 2026. Page updated September 13, 2026.
Data: National Center for Science and Engineering Statistics, National Science Foundation, Higher Education Research and Development Survey, FY2024.
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