Massachusetts Institute of Technology Welfare Benefit Plans T
77 Massachusetts Avenue ne49-4000, Cambridge, MA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $55,434,000 | $64,245,000 | $1,105,307,000 |
| FY2024 | $66,489,000 | $54,982,000 | $985,479,000 |
| FY2023 | $75,943,000 | $50,984,000 | $914,749,000 |
| FY2022 | $184,682,000 | $42,698,000 | $952,411,000 |
| FY2021 | $66,324,000 | $39,007,000 | $1,102,329,000 |
| FY2020 | $31,984,000 | $35,085,000 | $760,583,000 |
| FY2019 | $23,696,000 | $36,126,000 | $711,156,000 |
| FY2018 | $38,585,000 | $31,222,000 | $691,327,000 |
| FY2017 | $62,815,000 | $31,709,000 | $623,498,000 |
| FY2016 | -$5,162,000 | $28,398,000 | $549,156,000 |
| FY2015 | $30,513,000 | $30,507,000 | $548,921,000 |
| FY2014 | $32,421,000 | $26,422,000 | $495,458,000 |
| FY2013 | $34,266,000 | $26,300,000 | $414,981,000 |
| FY2012 | $56,331,000 | $24,370,000 | $358,912,000 |
Form 990 filings
The returns filed by Massachusetts Institute of Technology Welfare Benefit Plans T (EIN 04-3177556), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $29,931,000 | 54% |
| Other revenue | $25,503,000 | 46% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $60,791,000 | 95% |
| Management & general | $3,454,000 | 5% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 54% of total revenue in FY2025.
- Program services accounted for 95% of functional expenses, management & general 5%, and fundraising 0%.
- 95% of functional expenses went to program services in FY2025. That is higher than 23.6% of 110 Mutual & Membership Benefit organizations nationwide (too few in MA for a state comparison).
- Net assets covered about 206.5 months of expenses at the end of the reporting year. That puts it in the 77th percentile among 122 Mutual & Membership Benefit organizations in MA.
- Total revenue was higher than 96.8% of 125 Mutual & Membership Benefit organizations in MA.
- Total revenue fell from $56,331,000 in FY2012 to $55,434,000 in FY2025. Revenue increased in 4 and decreased in 9 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2016, FY2019, FY2020, FY2025).
- The highest revenue on record here is $184,682,000 in FY2022.
- Net assets grew from $358,912,000 to $1,105,307,000 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
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
TO PROVIDE HEALTH AND LIFE INSURANCE BENEFITS TO COVERED ELIGIBLE RETIREES OF MASSACHUSETTS INSTITUTE OF TECHNOLOGY AND THEIR DEPENDENTS, AS WELL AS INDIVIDUALS RECEIVING LONG-TERM DISABILITY BENEFITS FOR AT LEAST THREE YEARS.
IRS status
| Ruling year | 1993 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | Y330 — Mutual & Membership Benefit |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 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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