Massachusetts Institute of Technology

EIN: 042103594 501(c)(3) Education

Cambridge, MA

Total Revenue
$6,737,799,000
Total Expenses
$5,505,788,000
Total Assets
$45,313,517,000
Net Assets
$37,662,530,000
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1861
Legal Domicile
MA
Phone
6173248969
Tax Period
2024-07-01 to 2025-06-30

Massachusetts Institute of Technology, founded in 1861, is a large national nonprofit in the Education sector that reported $6.7B in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2B, a strong 18% operating margin.

Mission

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,211,505,000
Program Service Revenue $3,165,212,000
Investment Income $1,705,154,000
Other Revenue $655,928,000
TOTAL REVENUE $6,737,799,000

Expense Breakdown

Grants Paid $706,619,000
Salaries & Benefits $2,665,985,000
Fundraising Expenses $70,139,000
Program Expenses $4,451,762,000
Other Expenses $2,131,435,000
TOTAL EXPENSES $5,505,788,000

Year-over-Year Comparison

2024 2023 Change
Revenue $6,737,799,000 $5,855,286,000 +0.2%
Expenses $5,505,788,000 $5,194,162,000 +0.1%
Net Income $1,232,011,000 $661,124,000 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
14
Independent Members
11
Employees
28041
Volunteers
15812

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$3,524,314
Total Directors
15
$3,234,755
Key Employees
9
$10,396,609
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Glen Shor Executive VP and Treasurer 60.0
Officer Director
$950,529 $76,638 $1,027,167
Sally Kornbluth President 60.0
Officer Director
$1,734,292 $417,496 $2,151,788
David M Siegel Executive Committee Member 5.0
Director
$0 $0 $0
Fariborz Maseeh Executive Committee Member 5.0
Director
$0 $0 $0
Janet C Wolfenbarger Executive Committee Member 5.0
Director
$0 $0 $0
Leslye Miller Fraser Executive Committee Member 5.0
Director
$0 $0 $0
Mark P Gorenberg Chair of the Corporation 40.0
Director
$55,800 $0 $55,800
Noubar B Afeyan Executive Committee Member 5.0
Director
$0 $0 $0
Orit Gadiesh Executive Committee Member 5.0
Director
$0 $0 $0
Patricia R Callahan Executive Committee Member 5.0
Director
$0 $0 $0
Paul R Marcus Executive Committee Member 5.0
Director
$0 $0 $0
Ray A Rothrock Executive Committee Member 5.0
Director
$0 $0 $0
Richard M Locke Executive Committee Member 5.0
Director
$0 $0 $0
Russell Erich Caulfield Executive Committee Member 5.0
Director
$0 $0 $0
Wesley G Bush Executive Committee Member 5.0
Director
$0 $0 $0
Rachel J Donahue Secretary 60.0
Officer
$273,940 $71,419 $345,359
Alfred Ironside VP for Communications 60.0
Key Emp
$504,024 $77,876 $581,900
Cynthia Barnhart Provost 60.0
Key Emp
$1,084,227 $19,305 $1,103,532
Ian Waitz VP for Research 60.0
Key Emp
$636,051 $97,495 $733,546
Julie Lucas VP for Resource Development 60.0
Key Emp
$701,532 $52,489 $754,021
Mark DiVincenzo VP and General Counsel 60.0
Key Emp
$879,429 $98,415 $977,844
Melissa Choi Director of Lincoln Laboratory 60.0
Key Emp
$534,440 $44,906 $579,346
Melissa Nobles Chancellor 60.0
Key Emp
$684,508 $88,225 $772,733
Seth Alexander President of MITIMCo 60.0
Key Emp
$3,845,075 $617,315 $4,462,390
Whitney Espich CEO, MIT Alumni Association 60.0
Key Emp
$351,240 $80,057 $431,297
Joel Cohen Global Investment Professional, MITIMCo 60.0
Highest
$2,132,811 $478,024 $2,610,835
L Rafael Reif Professor (Former President) 60.0
Highest
$1,807,611 $42,219 $1,849,830
Navneeth Harikumar Global Investment Professional, MITIMCo 60.0
Highest
$2,406,464 $523,521 $2,929,985
Ryan Akkina Global Investment Professional, MITIMCo 60.0
Highest
$2,372,792 $546,539 $2,919,331
Thomas Wieand Global Investment Professional, MITIMCo 60.0
Highest
$2,411,804 $562,091 $2,973,895
Eric Evans Professor (Former Director of Lincoln Laboratory) 40.0
$833,185 $51,514 $884,699
Maria Zuber Presidential Advisor for Science and Technology Policy (Former VP for Research) 40.0
$609,859 $42,454 $652,313
Sanjay Sarma Professor (Former VP for Open Learning) 40.0
$117,169 $27,590 $144,759
W Eric Grimson Chancellor for Academic Advancement (Former Interim VP for Open Learning) 40.0
$606,669 $42,362 $649,031
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $6,737,799,000 $5,505,788,000 $45,313,517,000 $1,232,011,000
2024 $5,855,286,000 $5,194,162,000 $39,938,014,000 $661,124,000
2023 $4,954,533,000 $4,901,572,000 $38,587,698,000 $52,961,000
2022 $6,378,650,000 $4,540,620,000 $39,839,201,000 $1,838,030,000
2021 $5,726,158,000 $4,281,626,000 $42,473,040,000 $1,444,532,000
2020 $4,804,195,000 $4,165,517,000 $30,065,085,000 $638,678,000
2019 $5,308,609,000 $4,075,066,000 $27,518,235,000 $1,233,543,000
2018 $4,443,525,000 $3,855,696,000 $25,861,939,000 $587,829,000
Explore More Nonprofits
Top 100 Nonprofits in Massachusetts Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Massachusetts Institute of Technology with other nonprofits in Massachusetts and across the country.