Massachusetts Institute of Technology research and development spending, FY2024
- Cambridge, MA
- R1
- Private nonprofit
- Standard form filer
Massachusetts Institute of Technology in FY2024
$1.1 billion
spent on research and development in FY2024, as reported to the NSF HERD Survey
- National rank
- #33 of 925
- Change on FY2023
- up 6.5%
- Rank change
- held
Massachusetts Institute of Technology reported $1.1 billion of research and development spending in FY2024, ranking #33 of the 925 institutions in the survey. That is up 6.5% on FY2023's $1.0 billion; its national rank was unchanged. Federal government is its largest funding source at 55.8% ($595.1 million), followed by business at 17.0%. Its largest field of research is engineering, $413.9 million or 38.8% 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 | $677.1 million | 23 |
| FY2011 | $723.6 million | 20 |
| FY2012 | $824.1 million | 15 |
| FY2013 | $900.5 million | 12 |
| FY2014 | $908.0 million | 12 |
| FY2015 | $930.7 million | 13 |
| FY2016 | $946.2 million | 14 |
| FY2017 | $952.0 million | 14 |
| FY2018 | $964.3 million | 16 |
| FY2019 | $1.0 billion | 18 |
| FY2020 | $988.0 million | 23 |
| FY2021 | $949.1 million | 29 |
| FY2022 | $989.2 million | 30 |
| FY2023 | $1.0 billion | 33 |
| FY2024 | $1.1 billion | 33 |
FY2024 breakdown
Where the money came from, and what it paid for
FY2024 funding sources and research fields
Funding sources
The 6 NSF funding sources Massachusetts 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 | $595.1 million | 55.8% | +6.3% | 30 |
| Business | $181.6 million | 17.0% | +3.0% | 4 |
| Nonprofit organizations | $127.6 million | 12.0% | +13.3% | 12 |
| Institution funds | $90.1 million | 8.5% | +22.6% | 102 |
| All other sources | $68.6 million | 6.4% | −9.6% | 12 |
| State and local government | $2.6 million | 0.2% | +26.6% | 224 |
| All sources | $1.1 billion | 100.0% | +6.5% | 33 |
Fields of research
The 10 NSF research fields Massachusetts Institute of Technology reported in FY2024, largest first.
| Field | FY2024 | Share | Change on FY2023 | US rank |
|---|---|---|---|---|
| Engineering | $413.9 million | 38.8% | +2.3% | 6 |
| Physical sciences | $199.0 million | 18.7% | +9.9% | 6 |
| Life sciences | $132.2 million | 12.4% | +3.3% | 106 |
| Computer and information sciences | $121.4 million | 11.4% | +1.5% | 7 |
| Non-S&E | $64.8 million | 6.1% | +29.6% | 29 |
| Social sciences | $58.7 million | 5.5% | +5.5% | 13 |
| Geosciences, atmospheric sciences, and ocean sciences | $39.3 million | 3.7% | +36.5% | 29 |
| Other sciences | $23.7 million | 2.2% | +8.4% | 11 |
| Mathematics and statistics | $11.7 million | 1.1% | +13.6% | 17 |
| Psychology | $999 thousand | 0.1% | +90.3% | 212 |
Neighbours
Ranked around Massachusetts Institute of Technology
Institutions ranked immediately above and below
The five institutions ranked above Massachusetts Institute of Technology and the five below it in the FY2024 national ranking.
| Rank | Institution | FY2024 R&D |
|---|---|---|
| 28 | Northwestern University | $1.3B |
| 29 | Emory University | $1.2B |
| 30 | Washington University in St. Louis | $1.2B |
| 31 | University of Texas at Austin, The | $1.1B |
| 32 | University of California, Berkeley | $1.1B |
| 33 | Massachusetts Institute of Technology | $1.1B |
| 34 | Icahn School of Medicine at Mount Sinai | $1.0B |
| 35 | University of Arizona, The | $1.0B |
| 36 | University of California, Davis | $1.0B |
| 37 | Arizona State University | $1.0B |
| 38 | Michigan State University | $931.8M |
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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