NYU is a private University with approximately 60,000 matriculating students in 20 schools and institutes. Nyu's primary missions are education, research and scholarship, and patient care.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 5,553 volunteers and 50,092 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $430.3M a year · 4% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55.8M
to officers and key staff · 0.5% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $7.24B in investments, Pt X · Ln 11–13
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
40
named funders · $6.8M
Looks good: 40 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$14.1B
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
43
of 50 voting members
Looks good: 43 of 50 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.4B
+7% vs prior year
Spent
$11.8B
To programs
87%
Net assets
$9.5B
By yearFY2020–FY2025
Revenue
$12.4B
FY2025▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.0B
FY2021$8.9B
FY2022$9.6B
FY2023$10.5B
FY2024$11.6B
FY2025$12.4B
Expenses
$11.8B
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.0B
FY2021$8.4B
FY2022$9.0B
FY2023$10.1B
FY2024$11.1B
FY2025$11.8B
Net assets
$9.5B
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.9B
FY2021$7.1B
FY2022$7.0B
FY2023$7.6B
FY2024$8.7B
FY2025$9.5B

From the FY2025 Form 990 (year ending August 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $10.3B Management & general 13% · $1.5B Fundraising 1% · $63.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

72 people listed on the 990; $55.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Dean & CEO - NYU Langone Health
$12,472,026Pt VII · Sec A
Chair, Cardiothoracic Surgery
$8,287,210Pt VII · Sec A
Chair, Dept of Neurosurgery
$7,173,408Pt VII · Sec A
EVP/Vice Dean, CFO & Chief of Staff
$6,629,277Pt VII · Sec A
Chair, Plastic Surgery
$5,096,982Pt VII · Sec A
EVP/Vice Dean/Chief Clinical Officer
$4,569,403Pt VII · Sec A
Former President & Trustee
$2,181,834Pt VII · Sec A
President & Trustee
$2,102,744Pt VII · Sec A

Robert Grossman’s $12.5M as Dean & CEO - NYU Langone Health is at the 100th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Robert Grossman$12,472,026$15,305,725$8,829,014$7,236,658$3,815,057$4,798,090
Ralph S Mosca$8,287,210———$3,300,398—
Robert J Cerfolio MD MBA——$7,357,656———
John G Golfinos MD$7,173,408—————
Joseph J Lhota$6,629,277—————
Dafna Bar-Sagi PHD———$5,710,304——
Andrew Brotman MD$4,569,403$4,028,529$5,645,421———
Eduardo Rodriguez MD DDS$5,096,982—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Operates a major private research university, educating approximately 60,000 students across 20 schools while conducting high-impact, billion-dollar scientific and scholarly research.

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3 programs · $9.3B · in their own filed words · FY2024
01

Patient 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.

$4.7Bprogram expense
02

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.

$3.2Bprogram expense
03

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.

$1.4Bprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 40 funders →
Grants paid · 169 grants · $4.0B · 2019–2024
Unitemized GrantFY2024$744,392,246
Union Square Partnership INCNY · FY2024$65,000
Ximio Health INCFY2024$50,000
Heliotrope Photonics INCFY2024$50,000
Caro RhythmFY2024$50,000
Carasystems INCFY2024$50,000
Omios BiologicsFY2024$50,000
Novel Ai Technologies INCFY2024$50,000
Sonority LabsFY2024$40,000
Greenwich House INCNY · FY2024$21,800
United Way of New York CityNY · FY2024$19,985
Vitalis Regenerative Materials INCFY2024$15,000
Twinning Ai INCFY2024$15,000
The Context Data INCFY2024$15,000
See all 169 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$12.4B
Ln 12
Fees for servicesLn 2g$9.6B
Gifts and grantsLn 1h$1.8B
Other incomeLn 4–11$567.4M
Money outPt IX
$11.8B
Ln 25
Programscol B$10.3B
Managementcol C$1.5B
Fundraisingcol D$63.1M
Owns and owesPt X
$9.5B
net assets · Ln 32
Cash and savingsLn 1–2$1.8B
Total assetsLn 16$23.6B
LiabilitiesLn 26$14.1B
PeoplePt VI, VII
72
listed · VII A
PaidVII A21
Voting boardVI 1a50
IndependentVI 1b43
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8B
Government grantsLn 1e$1.15B
Noncash giftsLn 1g$60.6M
Fundraising eventsLn 1c$6.6M
Fees for servicesLn 2g$9.6B
Investment incomeLn 3$482.5M
Other incomeLn 4–11$567.4M
Gains on assetsLn 7$338.6M
Total revenueLn 12$12.4B
Assets in detailPt X, end of year
SavingsLn 2$1.81B
Cash and savings togetherLn 1–2$1.8B
InvestmentsLn 11–13$7.24B
Land, buildings, equipmentLn 10c$10.91B
Other assetsLn 15$2.35B
Total assetsLn 16$23.6B
LiabilitiesLn 26$14.1B
Net assetsLn 32$9.5B
OperationsPt I, VI
EmployeesI 550,092
VolunteersI 65,553
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.35B$1.81B
InvestmentsLn 11–13$6.70B$7.24B
Land, buildings, equipmentLn 10c$9.53B$10.91B
Total assetsLn 16$21.12B$23.59B
LiabilitiesLn 26$12.40B$14.13B
Net assetsLn 32$8.72B$9.46B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6.3M$6.3M
Grants to domestic individualsLn 2$744.9M$744.9M
Grants and assistance to foreign recipientsLn 3$306.5M$306.5M
Pay of current officers, directors and key staffLn 5$23.7M$2.7M$20.8M$290K
Other salaries and wagesLn 7$5.87B$5.23B$594.2M$43.8M
Pension plan contributionsLn 8$293.3M$261.1M$30.0M$2.2M
Other employee benefitsLn 9$762.2M$688.8M$67.5M$5.9M
Payroll taxesLn 10$298.9M$265.7M$31.0M$2.2M
Management feesLn 11a$981K$981K
Legal feesLn 11b$25.5M$25.5M
Accounting feesLn 11c$2.5M$2.5M
Lobbying feesLn 11d$1.2M$1.2M
Professional fundraising feesLn 11e$1.3M$1.3M
Investment management feesLn 11f$10.5M$10.5M
Other fees for servicesLn 11g$551.1M$450.3M$97.9M$2.9M
Advertising and promotionLn 12$23.5M$22.0M$1.6M$13K
Office expensesLn 13$160.1M$95.0M$64.8M$272K
Information technologyLn 14$81.9M$39.9M$40.6M$1.4M
RoyaltiesLn 15$1.3M$1.3M
OccupancyLn 16$460.2M$451.9M$8.3M$11K
TravelLn 17$150.8M$135.7M$14.0M$1.1M
Conferences, conventions and meetingsLn 19$17.2M$13.9M$3.2M$138K
InterestLn 20$272.1M$240.0M$32.1M
Depreciation, depletion and amortizationLn 22$636.2M$497.2M$139.0M
InsuranceLn 23$52.3M$8.6M$43.7M$14K
Other expenses (24a–d)Ln 24$707.5M$690.5M$17.0M$15K
All other expensesLn 24e$388.2M$129.8M$256.8M$1.6M
Total functional expensesLn 25$11.85B$10.28B$1.50B$63.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $12.4B$11.8B$548.5M$9.5B 990 PDF
FY2024 $11.6B$11.1B$508.8M$8.7B 990 PDF
FY2023 $10.5B$10.1B$387.4M$7.6B 990 PDF
FY2022 $9.6B$9.0B$602.1M$7.0B 990 PDF
FY2021 $8.9B$8.4B$501.3M$7.1B 990 PDF
FY2020 $8.0B$8.0B$33.7M$5.9B 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $12,394,252,993 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,722,373,043$1,753,023,111
I-9 Program service revenuePrior year $9,021,565,732$9,591,371,984
I-10 Investment incomePrior year $275,857,097$482,480,834
I-11 Other revenuePrior year $598,501,691$567,377,064
I-12 Total revenuePrior year $11,618,297,563$12,394,252,993
I-13 Grants and similar amounts paidPrior year $1,015,533,547$1,057,746,164
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $6,636,604,864$7,243,635,635
I-16a Professional fundraising feesPrior year $1,781,555$1,321,000
I-17 Other expensesPrior year $3,455,552,624$3,543,094,679
I-18 Total expensesPrior year $11,109,472,590$11,845,797,478
I-19 Revenue less expensesPrior year $508,824,973$548,455,515
Part VI · Governance 43 of 50 board members independent, 1 to look at
VI-1a Voting members of the governing body50
VI-1b Independent voting members43
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,394,252,993 across 14 lines filed
Lines not itemized here account for $441,572,619 of total revenue; see the IRS return.
VIII-1c Fundraising events$6,591,000
VIII-1d Related organizations$4,464,152
VIII-1e Government grants$1,151,566,959
VIII-1f All other contributions, gifts and grants$590,401,000
VIII-1g Noncash contributions (included above)$60,646,000
VIII-1h Total contributions, gifts and grants$1,753,023,111
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,591,371,984$9,591,371,984
VIII-3 Investment incomeUnrelated business $9,004,226 · Excluded from tax $131,410,127$140,414,353
VIII-5 RoyaltiesExcluded from tax $4,767,000$4,767,000
VIII-6 Net rental income or lossUnrelated business $730,957 · Excluded from tax $47,425,032$48,155,989
VIII-7 Net gain or loss on sales of assetsExcluded from tax $338,648,481$338,648,481
VIII-8 Net income from fundraising eventsExcluded from tax $39,000$39,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $1,607,006 · Excluded from tax $74,653,450$76,260,456
VIII-12 Total revenueRelated to mission $9,591,371,984 · Unrelated business $11,867,639 · Excluded from tax $1,037,990,259$12,394,252,993
Part IX · Statement of functional expenses $11,845,797,478 across 27 lines filed
IX-1 Grants to domestic organizationsPrograms $6,331,713$6,331,713
IX-2 Grants to domestic individualsPrograms $744,946,451$744,946,451
IX-3 Grants and assistance to foreign recipientsPrograms $306,468,000$306,468,000
IX-5 Pay of current officers, directors and key staffPrograms $2,653,000 · Management $20,753,994 · Fundraising $290,000$23,696,994
IX-7 Other salaries and wagesPrograms $5,227,551,981 · Management $594,221,278 · Fundraising $43,751,334$5,865,524,593
IX-8 Pension plan contributionsPrograms $261,127,787 · Management $30,034,462 · Fundraising $2,154,475$293,316,724
IX-9 Other employee benefitsPrograms $688,772,472 · Management $67,534,834 · Fundraising $5,927,078$762,234,384
IX-10 Payroll taxesPrograms $265,718,793 · Management $30,956,711 · Fundraising $2,187,436$298,862,940
IX-11a Management feesManagement $980,703$980,703
IX-11b Legal feesManagement $25,481,000$25,481,000
IX-11c Accounting feesManagement $2,527,495$2,527,495
IX-11d Lobbying feesManagement $1,168,896$1,168,896
IX-11e Professional fundraising feesFundraising $1,321,000$1,321,000
IX-11f Investment management feesManagement $10,461,177$10,461,177
IX-11g Other fees for servicesPrograms $450,291,799 · Management $97,924,930 · Fundraising $2,924,000$551,140,729
IX-12 Advertising and promotionPrograms $21,955,000 · Management $1,552,000 · Fundraising $13,000$23,520,000
IX-13 Office expensesPrograms $95,026,898 · Management $64,774,806 · Fundraising $271,761$160,073,465
IX-14 Information technologyPrograms $39,897,493 · Management $40,589,337 · Fundraising $1,376,182$81,863,012
IX-15 RoyaltiesPrograms $1,292,000$1,292,000
IX-16 OccupancyPrograms $451,888,414 · Management $8,318,933 · Fundraising $11,000$460,218,347
IX-17 TravelPrograms $135,742,274 · Management $13,969,000 · Fundraising $1,098,000$150,809,274
IX-19 Conferences, conventions and meetingsPrograms $13,919,562 · Management $3,157,000 · Fundraising $138,000$17,214,562
IX-20 InterestPrograms $240,043,000 · Management $32,099,073$272,142,073
IX-22 Depreciation, depletion and amortizationPrograms $497,184,509 · Management $138,991,000$636,175,509
IX-23 InsurancePrograms $8,619,000 · Management $43,659,722 · Fundraising $14,000$52,292,722
IX-24 Other expenses (24a–d)Programs $690,463,000 · Management $17,033,000 · Fundraising $15,000$707,511,000
IX-24e All other expensesPrograms $129,800,176 · Management $256,817,095 · Fundraising $1,605,444$388,222,715
IX-25 Total functional expensesPrograms $10,279,693,322 · Management $1,503,006,446 · Fundraising $63,097,710$11,845,797,478
Part X · Balance sheet $23,589,633,382 assets, 22 lines filed
Asset lines not itemized here account for $48,442,981; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $1,349,543,948$1,814,830,232
X-3 Pledges and grants receivableStart of year $524,085,000$568,674,000
X-4 Accounts receivableStart of year $456,978,165$447,181,935
X-8 Inventories for sale or useStart of year $2,367,000$3,193,000
X-9 Prepaid expenses and deferred chargesStart of year $152,839,737$181,975,649
X-10c Land, buildings and equipment, netStart of year $9,526,543,946$10,913,179,152
X-11 Publicly traded securitiesStart of year $2,198,457,266$2,293,356,119
X-12 Other securitiesStart of year $4,504,435,785$4,901,393,000
X-13 Program-related investmentsStart of year $0$42,663,000
X-14 Intangible assetsStart of year $10,827,000$19,798,000
X-15 Other assetsStart of year $2,301,348,126$2,354,946,314
X-16 Total assetsStart of year $21,118,915,579$23,589,633,382
X-17 Accounts payable and accrued expensesStart of year $1,353,404,297$1,414,478,858
X-19 Deferred revenueStart of year $1,287,631,000$1,345,863,000
X-20 Tax-exempt bond liabilitiesStart of year $2,884,584,000$4,556,413,000
X-24 Unsecured notes and loans payableStart of year $1,890,922,000$1,637,009,000
X-25 Other liabilitiesStart of year $3,292,453,741$3,319,631,121
X-26 Total liabilitiesStart of year $12,396,555,038$14,129,039,979
X-27 Net assets without donor restrictionsStart of year $3,688,214,567$3,986,940,451
X-28 Net assets with donor restrictionsStart of year $5,034,145,974$5,473,652,952
X-32 Total net assets or fund balancesStart of year $8,722,360,541$9,460,593,403
X-33 Total liabilities and net assetsStart of year $21,118,915,579$23,589,633,382
Part XI · Reconciliation of net assets $9,460,593,403 net assets at year end
XI-1 Total revenue$12,394,252,993
XI-2 Total expenses$11,845,797,478
XI-3 Revenue less expenses$548,455,515
XI-4 Net assets at start of year$8,722,360,541
XI-5 Net unrealized gains (losses) on investments$293,695,720
XI-9 Other changes in net assets−$103,918,373
XI-10 Net assets at end of year$9,460,593,403

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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