NEW YORK INSTITUTE OF TECHNOLOGY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$381,498,402
Program Services
92%
Other
3%
Investments
2%
Contributions
1%
Government Grants
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$366,369,094
Salaries & Benefits
45%
Grants
22%
Offices, Occupancy & IT
12%
Other
11%
Fees to Service Providers
5%
Depreciation
5%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,913,235
$5,363,879
-22%
Government Grants
$4,858,961
$4,969,453
+2%
Fundraising Events
$13,340
$346,432
+2497%
Program Services
$330,165,554
$351,692,354
+7%
Membership Dues
$0
$0
-
Investments
$5,329,013
$7,045,129
+32%
Other
$4,934,667
$12,081,155
+145%
Total Revenues
$352,214,770
$381,498,402
+8%
Expenses
2023
2024
Change
Grants
$72,221,260
$80,378,505
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$156,729,017
$164,870,205
+5%
Fees to Service Providers
$13,349,981
$17,786,849
+33%
Advertising & Promotion
$2,598,206
$3,495,123
+35%
Offices, Occupancy & IT
$45,284,685
$43,502,690
-4%
Interest
$727,962
$178,152
-76%
Depreciation
$17,362,612
$17,071,478
-2%
Other
$34,161,527
$39,086,092
+14%
Total Expenses
$342,435,250
$366,369,094
+7%
Net income
2023
2024
Change
Net income
+$9,779,520
+$15,129,308
+55%
Functional Expenses
Summary
2023
2024
Change
Program
$323,539,047
$343,355,582
+6%
Admin
$16,674,534
$20,384,794
+22%
Fundraising
$2,221,669
$2,628,718
+18%
Total Expenses
$342,435,250
$366,369,094
+7%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)