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Education · 2023 Form 990

New York Institute Of Technology: $352.2M Revenue, $342.4M Expenses

Old Westbury, New York · EIN 111788788 · Filing year 2023

New York Institute Of Technology reported $352.2M in total revenue, $342.4M in total expenses, and $440.8M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $2.9M (0.82% of revenue). NonprofitTruth efficiency grade: B (74/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
B
Efficiency Score
74/100

Key Facts (2023 Form 990)

Total Revenue
$352.2M
Total Expenses
$342.4M
Total Assets
$440.8M
Reserve Months
15.4 months
Surplus / (Deficit)
$9.8M
EIN
111788788
Latest 990 Year
2023
Current-Officer Compensation
$2.9M
Officer Comp % of Revenue
0.82%

The efficiency rubric puts New York Institute Of Technology at a B grade: a composite of 74/100 that lands above the national midpoint. The grade reflects solid financial reserves alongside reasonable officer compensation and steady revenue.

New York Institute Of Technology is a large nonprofit by U.S. standards: $352.2M in 2023 revenue against $342.4M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. Financial health is a strength: New York Institute Of Technology carries a healthy operating-reserve cushion against $342.4M in annual expenses, the kind of balance-sheet stability that helps an organization weather funding gaps without cutting programs.

Revenue trend is mildly positive across the five-year filing window — modest growth, consistent with stable funding sources keeping pace with organizational costs. Officer compensation is modest relative to organizational size: New York Institute Of Technology reports $2.9M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $352.2M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, New York Institute Of Technology sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.


$352.2M
Revenue
$342.4M
Expenses
$440.8M
Total Assets
$2.9M
Officer Compensation

How New York Institute Of Technology Compares

New York Institute Of Technology earns a NonprofitTruth efficiency grade of B (74/100). That is 10 points above the Education category average. Compensation for current officers and key employees represents 0.82% of total revenue. The organization holds 15.4 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$342.4M
Total Expenses
Filing year 2023
$2.9M
Officer Compensation
0.82% of revenue
15.4 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, New York Institute Of Technology reported $352.2M in revenue against $342.4M in total functional expenses for filing year 2023, holding roughly 15.4 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $2.9M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 0.82% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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New York Institute Of Technology has a NonprofitTruth Efficiency Score of B (74/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

New York Institute Of Technology, Donor FAQ

New York Institute Of Technology has a NonprofitTruth Efficiency Score of B (74/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

New York Institute Of Technology reports $2.9M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 0.82% of the organization's $352.2M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

New York Institute Of Technology reported $352.2M in annual revenue and $342.4M in total expenses for filing year 2023. The organization holds $440.8M in total assets.

New York Institute Of Technology holds approximately 15.4 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its B efficiency grade.

New York Institute Of Technology is a registered 501(c) organization with EIN 111788788, based in Old Westbury, New York. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.