MIT
Overview
Mission
The MIT community is driven by a shared purpose: to make a better world through education, research, and innovation. The mission of MIT is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century. The Institute is committed to generating, disseminating, and preserving knowledge, and to working with others to bring this knowledge to bear on the world’s great challenges. MIT is dedicated to providing its students with an education that combines rigorous academic study and the excitement of discovery with the support and intellectual stimulation of a diverse campus community. We seek to develop in each member of the MIT community the ability and passion to work wisely, creatively, and ef.
What it reported doing in 2024
Instruction, unsponsored research, and other: mit is committed to providing a world-class education to our approximately 4,500 undergraduates and approximately 7,400 graduate students. An mit education combines analytical rigor with hands-on learning, imagination, and an appetite for solving the hardest problems in service to society. Research flourishes in departments across mit's five schools and one college (science; engineering; humanities, arts & social sciences; architecture & planning; management; and computing), as well as in centers, labs, and programs that convene experts across disciplines. Other expenditures (including grants) incurred, and revenues generated in connection with mit's other program services related to various activities in furtherance of and in support of mit's exempt mission included but were not limited to such things as fees and services (for example, mit health, technology licensing office), auxiliary enterprises (for example, housing, dining), and other miscellaneous program service revenue.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The nonprofit carried out 84% of its reported program work directly.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 042103594
- IRS 990 coverage
- 2009–2024
- Website reviewed
- Jun 2026
- Forms available
- Form 990 2024, Form 990-T 2024, Form 990-N 2015
- Headquarters
- Cambridge, MA, USA
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Universities
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and the filing reports few safeguards for setting executive pay.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 71
- Accountability: 81
- Sustainability: 85
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.9%; rating input score 84
- Program expense ratio: 80.9%; rating input score 81
- Fundraising efficiency: $17.27 raised per $1 spent on fundraising; rating input score 54; 54th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 32nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Grant itemization coverage: 99.7%; rating input score 100; 42nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
- Public monitoring controls: 0 of 8 controls in place; rating input score 0
- Public policy transparency: 1 of 7 controls in place; rating input score 14
- Public financial transparency: 0 of 5 controls in place; rating input score 0
- Impact reporting controls: 0 of 7 controls in place; rating input score 0
- Public relationship transparency: Yes; rating input score 100
Accountability
- Independent voting board: 78.6%; rating input score 79; 25th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: 1 of 4 controls in place; rating input score 25
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 18.3%; rating input score 86; 86th percentile among comparable filings
- Operating reserve ratio: 8.23; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 0.5%; rating input score 84; 84th percentile among comparable filings
Growth
- Program expense growth: 5.2% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 7.7% per year; rating input score 100; 57th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site
- Where the money goes: 83.9% of revenue deployed · 80.9% of spending went to programs
- Governance: 11 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $4.5B in reported program spending
- Leadership: top reported pay $4.5M · 34 people listed · 5 of 6 pay-setting controls reported
- Consistency: 46 of 48 current checks pass · 2 findings to review
- Schedules: 14 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 16 annual filings from 2009 to 2024
- Money network: 128 filed money-flow records
- Related organizations: 293 filed related-organization links