THE NEW SCHOOL
66 W 12TH ST, NEW YORK, NY · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $630,645,764 | $655,163,625 | $621,173,045 |
| FY2024 | $588,124,752 | $639,435,391 | $600,424,618 |
| FY2023 | $602,901,362 | $613,832,450 | $590,189,963 |
| FY2022 | $625,459,245 | $627,131,831 | $557,218,833 |
| FY2021 | $468,399,427 | $539,301,555 | $593,139,700 |
| FY2020 | $558,997,855 | $579,311,739 | $564,611,811 |
| FY2019 | $562,838,419 | $558,991,385 | $578,544,006 |
| FY2018 | $530,009,657 | $540,953,826 | $551,801,785 |
| FY2017 | $507,119,252 | $503,717,147 | $527,801,974 |
| FY2015 | $495,933,771 | $459,936,766 | $540,755,604 |
| FY2014 | $507,816,560 | $426,642,415 | $520,097,083 |
| FY2013 | $401,992,912 | $397,750,597 | $439,264,936 |
| FY2012 | $405,882,935 | $396,534,327 | $428,088,667 |
| FY2011 | $388,609,977 | $381,932,073 | $431,706,033 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $40,239,653 | 7% |
| Program service revenue | $533,206,802 | 93% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $559,775,856 | 85% |
| Management & general | $90,485,456 | 14% |
| Fundraising | $4,902,313 | 1% |
What the numbers show
- Program service revenue made up 93% of total revenue in FY2025.
- Program services accounted for 85% of functional expenses, management & general 14%, and fundraising 1%.
- 85% of functional expenses went to program services in FY2025. That is higher than 48.1% of 412 Education organizations in NY.
- Net assets covered about 11.4 months of expenses at the end of the reporting year. That puts it in the 43rd percentile among 4125 Education organizations in NY.
- Total revenue was higher than 99.6% of 4251 Education organizations in NY.
- Total revenue rose from $388,609,977 in FY2011 to $630,645,764 in FY2025, Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2018, FY2020, FY2021, FY2022, FY2023, FY2024, FY2025).
- Net assets grew from $431,706,033 to $621,173,045 between FY2011 and FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE NEW SCHOOL'S MISSION IS TO PREPARE OUR STUDENTS TO UNDERSTAND, CONTRIBUTE TO, AND SUCCEED IN A RAPIDLY CHANGING SOCIETY AND THUS MAKE THE WORLD A BETTER AND MORE JUST PLACE.
IRS status
| Ruling year | 1986 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in NY) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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