Princeton University research and development spending, FY2024
- Princeton, NJ
- R1
- Private nonprofit
- Standard form filer
Princeton University in FY2024
$558.6 million
spent on research and development in FY2024, as reported to the NSF HERD Survey
- National rank
- #62 of 925
- Change on FY2023
- up 8.8%
- Rank change
- down 1
Princeton University reported $558.6 million of research and development spending in FY2024, ranking #62 of the 925 institutions in the survey. That is up 8.8% on FY2023's $513.4 million; its national rank was down 1 place. Federal government is its largest funding source at 44.8% ($250.3 million), followed by institution funds at 28.8%. Its largest field of research is life sciences, $144.0 million or 25.8% 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 | $242.6 million | 77 |
| FY2011 | $263.3 million | 75 |
| FY2012 | $275.7 million | 74 |
| FY2013 | $269.9 million | 75 |
| FY2014 | $293.3 million | 74 |
| FY2015 | $279.9 million | 77 |
| FY2016 | $307.7 million | 72 |
| FY2017 | $334.1 million | 68 |
| FY2018 | $365.0 million | 65 |
| FY2019 | $385.7 million | 67 |
| FY2020 | $396.5 million | 66 |
| FY2021 | $404.4 million | 68 |
| FY2022 | $461.2 million | 63 |
| FY2023 | $513.4 million | 61 |
| FY2024 | $558.6 million | 62 |
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 Princeton University 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 | $250.3 million | 44.8% | +14.0% | 75 |
| Institution funds | $160.8 million | 28.8% | +11.4% | 63 |
| Nonprofit organizations | $83.1 million | 14.9% | +9.2% | 22 |
| All other sources | $43.9 million | 7.9% | −15.6% | 21 |
| Business | $18.7 million | 3.3% | −7.0% | 81 |
| State and local government | $1.9 million | 0.3% | +53.6% | 253 |
| All sources | $558.6 million | 100.0% | +8.8% | 62 |
Fields of research
The 9 NSF research fields Princeton University reported in FY2024, largest first.
| Field | FY2024 | Share | Change on FY2023 | US rank |
|---|---|---|---|---|
| Life sciences | $144.0 million | 25.8% | +12.4% | 104 |
| Physical sciences | $126.7 million | 22.7% | +15.2% | 12 |
| Engineering | $101.6 million | 18.2% | +16.8% | 52 |
| Social sciences | $75.0 million | 13.4% | −10.5% | 10 |
| Geosciences, atmospheric sciences, and ocean sciences | $38.9 million | 7.0% | +15.4% | 31 |
| Computer and information sciences | $31.3 million | 5.6% | +5.0% | 26 |
| Mathematics and statistics | $22.3 million | 4.0% | +32.4% | 5 |
| Non-S&E | $12.4 million | 2.2% | −30.9% | 153 |
| Psychology | $6.5 million | 1.2% | +3.7% | 85 |
Neighbours
Ranked around Princeton University
Institutions ranked immediately above and below
The five institutions ranked above Princeton University and the five below it in the FY2024 national ranking.
| Rank | Institution | FY2024 R&D |
|---|---|---|
| 57 | University of California, Irvine | $644.9M |
| 58 | Case Western Reserve University | $642.5M |
| 59 | University of Georgia | $628.1M |
| 60 | Uniformed Services University of the Health Sciences | $569.0M |
| 61 | University of Miami | $559.0M |
| 62 | Princeton University | $558.6M |
| 63 | University of Kansas | $546.1M |
| 64 | Oregon Health and Science University | $545.2M |
| 65 | State University of New York, University at Buffalo | $541.9M |
| 66 | University of Illinois Chicago | $532.2M |
| 67 | University of Kentucky | $527.7M |
Keep looking
Where this institution sits
Related rankings
Data: 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.
Carnegie Classification of Institutions of Higher Education is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.