New York University

Analysis

New York University is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, New York University reported income of $10.48bn and spending of $10.09bn, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.72bn to $10.48bn (+36%), an average of +8.0% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Johns Hopkins University ($10.23bn), Trustees of the University of Pennsylvania ($9.93bn) and The Board of Trustees of the Leland Stanford Junior University ($8.47bn).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $20.5m (0.2% of expenses). Other salaries and wages came to $4.88bn. It paid $1.6m in professional fundraising fees. At year end it held assets of $19.79bn against liabilities of $12.15bn, net assets of $7.64bn. It reported 48,107 employees.