New York University
New York University reported $12.39 billion in revenue and $11.85 billion in expenses for the fiscal year ending August 31, 2025. Of every $100 it spent, $86.78 went to program services, $12.69 to management and general costs and $0.53 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 77.4% of the total. Government grants made up 9.3%. The highest compensation it reported for one person was $30,286,568 (Dean & CEO - NYU Langone Health). Revenue rose 55% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending August 31, 2025 · Form 990, Part IX, line 25 · total expenses $11.8BFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending August 31, 2025 · Form 990, Part VIII · total revenue $12.4BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.8% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.5% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 14.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 9.3% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 77.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $30,286,568 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.26% | 1.28% |
| People paid over $100,000 Part VII, line 2 | Not reported | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 9.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 43 of 50 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expensePatient care: nyu's academic medical programs are a major element of the university's mission, and its academic medical center - nyu langone health - is among the foremost healthcare institutions in the U.S. The nyu grossman school of medicine was established in 1841; from its earliest years, it has been at the forefront of advancing the medical profession and medical research, including participating in the process that led to the establishment of New York city's health department, establishing the first outpatient clinic, establishing the first laboratory devoted to teaching and research in…
Education: founded in 1831, nyu is among the largest private not-for-profit research universities in the U.S., with 20 schools and institutes, approximately 5,000 full-time faculty members, and approximately 60,000 matriculating students. Nyu annually confers over 22,000 undergraduate, graduate and professional degrees; it provides over $650 million per year in scholarship aid to undergraduates and since the fall of 2021 has met demonstrated need for incoming first-year undergraduates. Nyu has an unparalleled international presence with three degree-granting liberal arts research university…
Research and scholarship: as a member of the association of american universities (aau) and classified as an r1 institution, nyu is a top-tier recipient of funding from the nih, nsf, and other major federal and private agencies. Nyu is a major research institution, with significant support from nih, nsf and other funders; it is a top 12 institution nationally in the nsf's annual higher education research and development survey (and #1 in New York state), and it is one of the select group of U.S. Universities with research expenditures exceeding $1 billion per year. The research and creative…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Dean & CEO - NYU Langone Health Officer, 30.0 hrs/week | $12,472,026 | $12,472,026 | $5,342,516 | $30,286,568 |
| EVP/VICE DEAN, CFO & CHIEF OF STAFF Highest compensated employee, 30.0 hrs/week | $6,629,277 | $6,629,277 | $782,544 | $14,041,098 |
| EVP/VICE DEAN/CHIEF CLINICAL OFFICER Highest compensated employee, 30.0 hrs/week | $4,569,403 | $4,569,403 | $1,820,576 | $10,959,382 |
| Chair, Plastic Surgery Highest compensated employee, 35.4 hrs/week | $5,096,982 | $3,541,971 | $63,031 | $8,701,984 |
| Chair, Dept of Neurosurgery Highest compensated employee, 51.6 hrs/week | $7,173,408 | $1,167,764 | $78,864 | $8,420,036 |
| Chair, Cardiothoracic Surgery Highest compensated employee, 60.0 hrs/week | $8,287,210 | $0 | $61,589 | $8,348,799 |
| PRESIDENT & TRUSTEE Director/trustee, officer, 70.0 hrs/week | $2,102,744 | $0 | $852,245 | $2,954,989 |
| FORMER PRESIDENT & TRUSTEE Former, 70.0 hrs/week | $2,181,834 | $0 | $55,258 | $2,237,092 |
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b50 · 43 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 550,092
- Volunteers Part I, line 65,553
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| COLLINS BUILDING SERVICES INC Janitorial | $153,485,783 |
| COMPASS GROUP USA INC NORTH AMERICA Hospitality management | $53,417,462 |
| GILBANE BUILDING COMPANY Construction management | $37,722,101 |
| OMEGA HEALTHCARE consulting | $30,048,886 |
| BROSNA CONSTRUCTION CORP Construction management | $26,400,134 |
Individuals listed as contractors are left out. 1,759 contractors were paid more than $100,000 in all.
Private foundation grants it received
359 private foundations reported grants to New York University totaling $88M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from New York University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for New York University, you can publish a response that is linked from this page.
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Of every $100 New York University spent in FY2025, $86.78 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Trustees of the University of PennsylvaniaPhiladelphia, PA · revenue $11.7B · programs 89.9% · FY2025
- Johns Hopkins UniversityBaltimore, MD · revenue $10.6B · programs 90.1% · FY2025
- The Board of Trustees of the Leland Stanford Junior UniversityRedwood City, CA · revenue $10.2B · programs 88.6% · FY2025
- Yale UniversityNew Haven, CT · revenue $8.45B · programs 87.2% · FY2025
- President and Fellows of Harvard CollegeCambridge, MA · revenue $8.32B · programs 85.6% · FY2025
Questions people ask
How much of New York University's spending goes to programs?
In the fiscal year ending August 31, 2025, New York University reported that 86.8% of its $11.85 billion in expenses went to program services, 12.7% to management and general and 0.5% to fundraising (Form 990, Part IX).
How much does New York University pay its top executive?
The largest total compensation New York University reported for one person in the fiscal year ending August 31, 2025 was $30,286,568, for the role of Dean & CEO - NYU Langone Health (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New York University get its money?
Of $12.39 billion in revenue in the fiscal year ending August 31, 2025, 14.1% came from contributions and grants (including 9.3% from government grants) and 77.4% from program service revenue (Form 990, Part VIII).
Is New York University a registered charity?
The IRS lists EIN 13-5562308 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending August 31, 2025, object 202641949349300684 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending August 31, 2024, object 202521959349301227 · read the filing
- FY2023: Form 990 for the fiscal year ending August 31, 2023, object 202401939349301015 · read the filing
- FY2022: Form 990 for the fiscal year ending August 31, 2022, object 202341929349301584 · read the filing
- FY2021: Form 990 for the fiscal year ending August 31, 2021, object 202221939349301432 · read the filing
- FY2020: Form 990 for the fiscal year ending August 31, 2020, object 202121949349300532 · read the filing
All filings for EIN 13-5562308: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.