U.S. Nonprofits Spent $28 Billion on R&D Activities in FY 2022.
Analysis

U.S. Nonprofits Spent $28 Billion on R&D Activities in FY 2022

October 8, 2024
U.S. nonprofits spent an estimated $28.1 billion on research and experimental development (R&D) performed within their organizations in FY 2022. The federal government was the largest funding source, contributing $11.6 billion of this total; nonprofits' internal funds were the second largest funding source, contributing $7.6 billion.

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