In 2023, private non-profit expenditure on R&D in the US stood at an estimated $32.8 billion USD PPP. Based on forecasted data, the expenditure is projected to increase year-on-year by approximately 4.4% in 2024, 4.4% in 2025, 4.1% in 2026, 3.9% in 2027, and 3.7% in 2028. The compound annual growth rate (CAGR) from 2024-2028 is expected to be around 4.1%.

Future trends to watch for:

Growing emphasis on sustainable and impact-driven R&D initiatives within non-profits.
Increasing collaboration between non-profit organizations and tech sectors to leverage digital advancements.
Potential fluctuations in R&D funding due to regulatory and economic shifts.