#210 of 500 · Research & Science

Charles Stark Draper Laboratory Inc

EIN 04-2505372 · MA · NTEE U400 · Form 990, fiscal 2023

A nonprofit research and development organization headquartered in Cambridge, Massachusetts. Originally the MIT Instrumentation Laboratory, it became an independent nonprofit in 1973. Draper designs, develops, and deploys advanced engineering solutions in areas including national security, space exploration, guidance and navigation, microelectronics, biomedical systems, and energy, serving U.S. government agencies and other clients. It also provides advanced technical education, engaging graduate students and fellows as part of its charter.

Financials, fiscal 2023

Revenue

$764.6M

Expenses

$730.4M

Total assets

$745.8M

Net assets

$485.2M

Operating margin

4.5%

1-year growth

n/a

5-year growth (CAGR)

4.0%

Reserve (years of spending)

8.0

Contributions share

0.6%

Programme spending

97.5%

Fundraising cost

0.0%

Executive pay share

0.53%

Employees

2,611

Revenue per employee

$293K

Grants paid

$4.2M

Years filing

50

NFP Health Score: 82 / 100

Financial 68 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To solve the nation's most challenging and important problems through the design, development and deployment of advanced technology solutions.

Revenue history