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Analysis
U.S. Nonprofits Reported Decline in Spending on Internal R&D Activities in FY 2024; Increase in Funding for External R&D
October 7, 2026
In FY 2024, U.S. nonprofits spent an estimated $29.4 billion on research and experimental development performed within their organizations, down 4% from FY 2023. The federal government was the largest funding source, contributing $11.2 billion (38%) of this total; nonprofits' internal funds were the second-largest funding source, contributing $8.6 billion (29%).
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