Education
(B430)
IRS Verified
DX Registered
990 on File
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
Financial strength (30%)
82/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Good Morning: I am contacting you on behalf of MIT Department of Facilities. We are reaching out to you for a donation of Celtics jerseys, tickets or any memorabilia for this evening. We realize that this is a lot to ask and anything you would be willing to do would be greatly appreciated, with your assistance and generosity any donation would suffice. The event, The Officer Collier Memorial Fund Raiser is October 5th, 2013 in Walker Memorial on the MIT Campus for facilities personnel only. Let me know, it would really mean so much.
Financial Overview — FY 2023
$4954.5M
Total Revenue
$4901.6M
Total Expenses
$32162.5M
Net Assets
27330
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
78.2%
Fundraising Efficiency
N/A
Operating Reserve
78.74x
Liability-to-Asset
16.7%
Revenue Diversification
54.5%
Executive Compensation
$13.5M
Compared with Peers
FY 2023
Compared with 607 similar organizations
(United States, Education, $100M and over in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
78.2% | 87.4% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
20.6% | 10.5% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.2% | 1.3% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
78.7 mo | 20.3 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
16.7% | 27.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
54.5% | 84.6% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-22.3% | -2.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
7.9% | 5.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
1.1% | 1.3% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Undergrad and Grad enrollment 23-24 | 5,891 | $0.01 | 5,891 | Per Day |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $4954.5M | $4901.6M | $32162.5M | 78.2% | 27330 |
| 2022 | $6378.7M | $4540.6M | $33202.8M | 80.7% | 25671 |
| 2021 | $5726.2M | $4281.6M | N/A | — | 25443 |
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