THE MITRE CORPORATION
202 BURLINGTON RD, BEDFORD, MA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $2,475,879,129 | $2,400,902,975 | $817,170,845 |
| FY2023 | $2,372,797,370 | $2,318,681,975 | $745,020,106 |
| FY2022 | $2,236,685,995 | $2,224,471,060 | $685,707,954 |
| FY2021 | $514,545,047 | $532,213,709 | $672,341,736 |
| FY2020 | $1,919,518,688 | $1,888,517,891 | $650,786,792 |
| FY2019 | $1,842,446,821 | $1,805,472,671 | $621,020,870 |
| FY2018 | $1,733,665,000 | $1,702,840,000 | $599,156,000 |
| FY2017 | $1,639,293,000 | $1,608,608,000 | $570,105,000 |
| FY2016 | $1,542,118,000 | $1,515,358,000 | $539,588,000 |
| FY2015 | $1,484,393,000 | $1,453,808,000 | $521,265,000 |
| FY2014 | $1,365,047,000 | $1,340,316,000 | $483,924,000 |
| FY2013 | $1,383,651,000 | $1,349,081,000 | $459,170,000 |
| FY2012 | $1,424,270,000 | $1,394,590,000 | $424,571,000 |
| FY2011 | $1,389,901,000 | $1,368,768,000 | $394,956,000 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $2,467,415,277 | 100% |
| Program service revenue | $2,311,152 | 0% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $2,144,916,911 | 89% |
| Management & general | $255,986,064 | 11% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 100% of total revenue in FY2024.
- Program services accounted for 89% of functional expenses, management & general 11%, and fundraising 0%.
- 89% of functional expenses went to program services in FY2024. That is higher than 74.9% of 171 Science & Technology organizations nationwide (too few in MA for a state comparison).
- Net assets covered about 4.1 months of expenses at the end of the reporting year. That puts it in the 25th percentile among 94 Science & Technology organizations in MA.
- Total revenue was higher than 101% of 96 Science & Technology organizations in MA.
- Total revenue rose from $1,389,901,000 in FY2011 to $2,475,879,129 in FY2024, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2021).
- Net assets grew from $394,956,000 to $817,170,845 between FY2011 and FY2024.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE PRIMARY EXEMPT PURPOSE OF THE MITRE CORPORATION IS TO CONDUCT SCIENTIFIC RESEARCH ACTIVITIES IN THE PUBLIC INTEREST THAT ENSURE THE SAFETY AND SECURITY OF THE UNITED STATES, ENABLING SOLUTIONS AND DECISIONS RELATED TO COMPLEX CHALLENGES OF NATIONAL AND GLOBAL SIGNIFICANCE.
IRS status
| Ruling year | 1960 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | U400 — Science & Technology |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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