WORCESTER POLYTECHNIC INSTITUTE

WORCESTER, MA, 01609-2247 (508) 831-5000 Est. 1865 EIN 04-2121659
Form 990 501(c)(3)
www.wpi.edu

Mission

THE UNIVERSITY EDUCATES TALENTED MEN AND WOMEN IN ENGINEERING, SCIENCE, MANAGEMENT, AND HUMANITIES IN PREPARATION FOR CAREERS OF PROFESSIONAL PRACTICE, CIVIC CONTRIBUTION, AND LEADERSHIP, FACILITATED BY ACTIVE LIFELONG LEARNING. (CONT. ON SCH O) THIS EDUCATIONAL PROCESS IS TRUE TO THE FOUNDERS' DIRECTIVE TO CREATE, TO DISCOVER, AND TO CONVEY KNOWLEDGE AT THE FRONTIERS OF ACADEMIC INQUIRY FOR THE BETTERMENT OF SOCIETY. KNOWLEDGE IS CREATED AND DISCOVERED IN THE SCHOLARLY ACTIVITIES OF FACULTY AND STUDENTS RANGING ACROSS EDUCATIONAL METHODOLOGY, PROFESSIONAL PRACTICE, AND BASIC RESEARCH. KNOWLEDGE IS CONVEYED THROUGH SCHOLARLY PUBLICATION AND INSTRUCTION. (HTTP://WWW.WPI.EDU/ABOUT/MISSION.HTML)

Financials

Total Revenue
$462,672,181
Total Expenses
$483,023,410
Net Assets
$799,287,528
4,445 employees 225 volunteers
From latest filing (tax period ending 2023-06-30)

Financial Health

Operating Reserve
19.9 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 4.0%
Expenses ↑ 8.4%
Revenue Sources
Contributions 5.0% Earned revenue 92.0% Investment 2.9%
Expense Breakdown
Program 81.9% Management 16.4% Fundraising 1.8%

Grants Received (1547)

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EIN: 04-2121659 · Source: IRS Form 990 e-file data