New Mexico Institute of Mining and Technology research and development spending, FY2024
- Socorro, NM
- Public
- Standard form filer
New Mexico Institute of Mining and Technology in FY2024
$79.9 million
spent on research and development in FY2024, as reported to the NSF HERD Survey
- National rank
- #194 of 925
- Change on FY2023
- down 32.7%
- Rank change
- down 25
New Mexico Institute of Mining and Technology reported $79.9 million of research and development spending in FY2024, ranking #194 of the 925 institutions in the survey. That is down 32.7% on FY2023's $118.7 million; its national rank was down 25 places. Federal government is its largest funding source at 72.2% ($57.6 million), followed by state and local government at 17.9%. Its largest field of research is engineering, $32.6 million or 40.8% 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 | $51.7 million | 179 |
| FY2011 | $43.9 million | 198 |
| FY2012 | $37.9 million | 204 |
| FY2013 | $32.5 million | 219 |
| FY2014 | $48.3 million | 190 |
| FY2015 | $26.3 million | 234 |
| FY2016 | $19.6 million | 266 |
| FY2017 | $20.5 million | 261 |
| FY2018 | $21.4 million | 252 |
| FY2019 | $24.6 million | 252 |
| FY2020 | $24.6 million | 255 |
| FY2021 | $28.7 million | 239 |
| FY2022 | $89.9 million | 174 |
| FY2023 | $118.7 million | 169 |
| FY2024 | $79.9 million | 194 |
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 New Mexico Institute of Mining and 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 | $57.6 million | 72.2% | −42.8% | 171 |
| State and local government | $14.3 million | 17.9% | +40.2% | 92 |
| Institution funds | $4.6 million | 5.8% | +37.0% | 322 |
| Business | $2.5 million | 3.1% | −25.8% | 184 |
| All other sources | $633 thousand | 0.8% | +0.8% | 218 |
| Nonprofit organizations | $188 thousand | 0.2% | −42.0% | 474 |
| All sources | $79.9 million | 100.0% | −32.7% | 194 |
Fields of research
The 8 NSF research fields New Mexico Institute of Mining and Technology reported in FY2024, largest first.
| Field | FY2024 | Share | Change on FY2023 | US rank |
|---|---|---|---|---|
| Engineering | $32.6 million | 40.8% | −57.3% | 131 |
| Computer and information sciences | $23.6 million | 29.5% | +57.9% | 46 |
| Geosciences, atmospheric sciences, and ocean sciences | $13.8 million | 17.3% | −16.2% | 72 |
| Physical sciences | $6.6 million | 8.3% | −6.9% | 168 |
| Non-S&E | $2.4 million | 3.0% | −12.1% | 294 |
| Life sciences | $492 thousand | 0.6% | −11.8% | 587 |
| Psychology | $365 thousand | 0.5% | −21.3% | 279 |
| Mathematics and statistics | $23 thousand | 0.0% | −85.4% | 474 |
Neighbours
Ranked around New Mexico Institute of Mining and Technology
Institutions ranked immediately above and below
The five institutions ranked above New Mexico Institute of Mining and Technology and the five below it in the FY2024 national ranking.
| Rank | Institution | FY2024 R&D |
|---|---|---|
| 189 | Cleveland State University | $85.8M |
| 190 | Van Andel Research Institute | $83.3M |
| 191 | South Dakota State University | $82.2M |
| 192 | North Carolina A&T State University | $81.8M |
| 193 | City University of New York, The, Graduate Center, The | $80.8M |
| 194 | New Mexico Institute of Mining and Technology | $79.9M |
| 195 | Louisiana State University, Health Sciences Center, New Orleans | $79.7M |
| 196 | University of California, Office of the President | $79.3M |
| 197 | Rochester Institute of Technology | $78.5M |
| 198 | American University | $78.4M |
| 199 | University of North Carolina at Greensboro, The | $77.4M |
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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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