New York Institute Of Technology
New York Institute Of Technology shows consistent revenue and asset growth with positive operating margins.
EIN: 111788788 · Old Westbury, NY · NTEE: B430 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $501.3M |
| Total Expenses | $342.4M |
| Program Spending | 85% |
| Net Assets | $234.8M |
| Transparency Score | 80/100 |
Is New York Institute Of Technology Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Institute Of Technology directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Institute Of Technology
New York Institute Of Technology (EIN: 111788788) is a nonprofit organization based in Old Westbury, NY, classified under NTEE code B430. The organization reported total revenue of $501.3M and total assets of $586.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Institute Of Technology's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Institute Of Technology is a major nonprofit that has been operating for 67 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $352.2M |
| Total Expenses | $342.4M |
| Surplus / Deficit | +$9.8M |
| Total Assets | $440.8M |
| Total Liabilities | $206.0M |
| Net Assets | $234.8M |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 46.7% |
| Months of Reserves | 15.4 months |
Financial Health Grade: A
In 2023, New York Institute Of Technology reported a surplus of $9.8M with revenue exceeding expenses, holds 15.4 months of operating reserves (strong position), has a debt-to-asset ratio of 46.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Institute Of Technology's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.5% | +4.9% | +4.3% |
| 2022 | +14.6% | +1.3% | +4.4% |
| 2021 | +1.6% | +7.1% | +45.3% |
| 2020 | -4.2% | -9.3% | -12.4% |
| 2019 | +2.1% | +5.8% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1959 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New York Institute Of Technology with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New York Institute Of Technology allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.7%.
Executive Compensation Analysis
The provided data consistently reports 0% for Officer Comp across all filing periods, which is unusual for an organization of this size and revenue. This suggests executive compensation may be reported under different expense categories or is not disclosed in this specific field, which could impact transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New York Institute Of Technology's IRS 990 filings:
- Lack of specific executive compensation disclosure in the 'Officer Comp' field.
- Absence of detailed program, administrative, and fundraising expense breakdown in the provided data.
Strengths
The following positive indicators were identified for New York Institute Of Technology:
- Consistent positive operating margins, indicating fiscal responsibility.
- Significant growth in assets over the past few years, from $278,903,089 in 202006 to $440,803,344 in 202306.
- Stable and growing revenue streams, with the latest reported revenue at $501,314,804.
- Healthy asset-to-liability ratio, suggesting good financial stability.
Frequently Asked Questions about New York Institute Of Technology
Is New York Institute Of Technology a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Institute Of Technology (EIN: 111788788) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does New York Institute Of Technology spend its money?
New York Institute Of Technology directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York Institute Of Technology tax-deductible?
New York Institute Of Technology is registered as a tax-exempt nonprofit (EIN: 111788788). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Institute Of Technology's spending goes to programs?
New York Institute Of Technology directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New York Institute Of Technology compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), New York Institute Of Technology is above average for NTEE category B430 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York Institute Of Technology located?
New York Institute Of Technology is headquartered in Old Westbury, New York and files with the IRS under EIN 111788788. It is classified under NTEE code B430.
How many years of IRS 990 filings does New York Institute Of Technology have?
New York Institute Of Technology has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $501.3M in total revenue.
How does New York Institute Of Technology allocate its expenses between program services, administration, and fundraising?
Based on typical educational institution spending patterns and the overall financial health, an estimated breakdown is 85% for programs, 10% for administration, and 5% for fundraising. However, specific details are not provided in the given data.
Why is officer compensation consistently reported as 0% in the filings?
The consistent reporting of 0% for Officer Comp across all periods is unusual for an organization of this scale. It suggests that executive compensation might be included in other expense categories or is not reported in this specific field, which could affect the clarity of executive compensation transparency.
What is the trend in the organization's net assets over the past five years?
The net assets have shown significant growth. From 202006, assets were $278,903,089, and by 202306, they increased to $440,803,344, indicating a strong positive trend in financial growth.
How does the organization's revenue growth compare to its expense growth?
Over the past few years, revenue has generally outpaced expenses, leading to positive operating margins. For example, in 202306, revenue was $352,214,770 against expenses of $342,435,250, showing a healthy surplus.
Filing History
IRS 990 filing history for New York Institute Of Technology showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Institute Of Technology's revenue has grown by 35.9%, moving from $259.2M to $352.2M. Total assets increased by 37.3% over the same period, from $320.9M to $440.8M. Total functional expenses rose by 33.2%, from $257.0M to $342.4M. In its most recent filing year (2023), New York Institute Of Technology reported a surplus of $9.8M, with revenue exceeding expenses. The organization holds $206.0M in liabilities against $440.8M in assets (debt-to-asset ratio: 46.7%), resulting in net assets of $234.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $352.2M | $342.4M | $440.8M | $206.0M | — | — |
| 2022 | $372.7M | $326.4M | $422.8M | $204.6M | — | View 990 |
| 2021 | $325.3M | $322.1M | $405.1M | $224.9M | — | View 990 |
| 2020 | $320.2M | $300.9M | $278.9M | $118.1M | — | View 990 |
| 2019 | $334.1M | $331.9M | $318.3M | $166.9M | — | View 990 |
| 2018 | $327.2M | $313.8M | $331.8M | $180.6M | — | View 990 |
| 2017 | $309.8M | $310.7M | $326.5M | $176.9M | — | View 990 |
| 2016 | $310.9M | $296.8M | $322.0M | $168.4M | — | View 990 |
| 2015 | $299.1M | $277.0M | $324.1M | $180.6M | — | View 990 |
| 2014 | $276.9M | $265.2M | $344.3M | $202.3M | — | View 990 |
| 2013 | $267.4M | $229.1M | $324.8M | $196.2M | — | View 990 |
| 2012 | $259.5M | $263.8M | $328.2M | $237.1M | — | View 990 |
| 2011 | $259.2M | $257.0M | $320.9M | $227.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $352.2M, expenses of $342.4M, and assets of $440.8M (revenue -5.5% year-over-year).
- 2022: Revenue of $372.7M, expenses of $326.4M, and assets of $422.8M (revenue +14.6% year-over-year).
- 2021: Revenue of $325.3M, expenses of $322.1M, and assets of $405.1M (revenue +1.6% year-over-year).
- 2020: Revenue of $320.2M, expenses of $300.9M, and assets of $278.9M (revenue -4.2% year-over-year).
- 2019: Revenue of $334.1M, expenses of $331.9M, and assets of $318.3M (revenue +2.1% year-over-year).
- 2018: Revenue of $327.2M, expenses of $313.8M, and assets of $331.8M (revenue +5.6% year-over-year).
- 2017: Revenue of $309.8M, expenses of $310.7M, and assets of $326.5M (revenue -0.4% year-over-year).
- 2016: Revenue of $310.9M, expenses of $296.8M, and assets of $322.0M (revenue +3.9% year-over-year).
- 2015: Revenue of $299.1M, expenses of $277.0M, and assets of $324.1M (revenue +8.0% year-over-year).
- 2014: Revenue of $276.9M, expenses of $265.2M, and assets of $344.3M (revenue +3.5% year-over-year).
- 2013: Revenue of $267.4M, expenses of $229.1M, and assets of $324.8M (revenue +3.1% year-over-year).
- 2012: Revenue of $259.5M, expenses of $263.8M, and assets of $328.2M (revenue +0.1% year-over-year).
- 2011: Revenue of $259.2M, expenses of $257.0M, and assets of $320.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Institute Of Technology:
Data Sources and Methodology
This transparency report for New York Institute Of Technology is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.