Virginia Commonwealth University research and development spending, FY2024
- Richmond, VA
- R1
- Public
- Standard form filer
Virginia Commonwealth University in FY2024
$524.3 million
spent on research and development in FY2024, as reported to the NSF HERD Survey
- National rank
- #68 of 925
- Change on FY2023
- up 12.5%
- Rank change
- up 5
Virginia Commonwealth University reported $524.3 million of research and development spending in FY2024, ranking #68 of the 925 institutions in the survey. That is up 12.5% on FY2023's $466.0 million; its national rank was up 5 places. Federal government is its largest funding source at 39.8% ($208.7 million), followed by institution funds at 36.7%. Its largest field of research is life sciences, $349.8 million or 66.7% 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 | $197.7 million | 93 |
| FY2011 | $207.8 million | 93 |
| FY2012 | $201.4 million | 94 |
| FY2013 | $196.0 million | 97 |
| FY2014 | $201.9 million | 98 |
| FY2015 | $218.9 million | 93 |
| FY2016 | $226.0 million | 94 |
| FY2017 | $235.5 million | 93 |
| FY2018 | $246.2 million | 91 |
| FY2019 | $255.6 million | 94 |
| FY2020 | $283.9 million | 85 |
| FY2021 | $364.1 million | 76 |
| FY2022 | $411.7 million | 72 |
| FY2023 | $466.0 million | 73 |
| FY2024 | $524.3 million | 68 |
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 Virginia Commonwealth 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 | $208.7 million | 39.8% | +12.9% | 92 |
| Institution funds | $192.5 million | 36.7% | +12.3% | 48 |
| State and local government | $47.2 million | 9.0% | −1.3% | 36 |
| All other sources | $31.9 million | 6.1% | +46.3% | 29 |
| Business | $22.8 million | 4.3% | +0.3% | 76 |
| Nonprofit organizations | $21.2 million | 4.0% | +21.4% | 85 |
| All sources | $524.3 million | 100.0% | +12.5% | 68 |
Fields of research
The 9 NSF research fields Virginia Commonwealth University reported in FY2024, largest first.
| Field | FY2024 | Share | Change on FY2023 | US rank |
|---|---|---|---|---|
| Life sciences | $349.8 million | 66.7% | +8.8% | 59 |
| Non-S&E | $107.8 million | 20.6% | +29.6% | 10 |
| Engineering | $35.9 million | 6.9% | +20.2% | 120 |
| Psychology | $11.3 million | 2.2% | −7.0% | 51 |
| Social sciences | $7.5 million | 1.4% | +2.2% | 118 |
| Computer and information sciences | $5.4 million | 1.0% | +0.5% | 129 |
| Physical sciences | $5.3 million | 1.0% | −0.4% | 181 |
| Mathematics and statistics | $918 thousand | 0.2% | +8.4% | 169 |
| Geosciences, atmospheric sciences, and ocean sciences | $315 thousand | 0.1% | +74.0% | 311 |
Neighbours
Ranked around Virginia Commonwealth University
Institutions ranked immediately above and below
The five institutions ranked above Virginia Commonwealth University and the five below it in the FY2024 national ranking.
| Rank | Institution | FY2024 R&D |
|---|---|---|
| 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 |
| 68 | Virginia Commonwealth University | $524.3M |
| 69 | University of South Florida | $521.9M |
| 70 | University of Missouri, Columbia | $508.6M |
| 71 | Carnegie Mellon University | $505.3M |
| 72 | Scripps Research Institute, The | $501.5M |
| 73 | University of Rochester | $492.4M |
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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