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Revenue & Spending

American colleges have a major economic impact. Their sources of revenue and their expenses are broken down in one table, while other tables and charts show which colleges spent the most on research and which fields attracted the most research support.


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Four of the 12 institutions that spent more than $1 billion on research and development in the 2017 fiscal year were in California.
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The University of California at San Francisco spent the most in any single field: $1.3 billion on life sciences.
Two-year private nonprofit institutions were the only sector in which total expenses exceeded total revenue in the 2017 fiscal year.
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The federal government provided more than half of the R&D support that went to colleges, and the colleges themselves provided the next highest share.
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Well over half of the $75 billion that colleges spent on research and development in the 2017 fiscal year was devoted to the life sciences.
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The greatest percentage-point increase in support in the 2017 fiscal year occurred among nonprofit organizations.
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