Salaries and employee benefits are the University’s most significant expense, accounting for 57% of the total budget. NYU employs approximately 8,400 individuals in academic positions as full-time and part-time faculty members and researchers and about 6,000 as full-time and part-time technical, clerical, service, and administrative employees at its New York campus alone. In addition, NYU employs approximately 9,000 students in part-time positions throughout the year.

General operating expenses and professional services and fees account for 11% and 5% of the budget, respectively.

Operation and maintenance of the physical plant accounts for 14% of the expense budget, with 6% for cleaning and building maintenance contracts, 4% for leased space, 1% for energy, and 3% for all other expenses. Debt service accounts for 7% of the expense budget.

The budget includes a reserve for academic investments designated by the Provost and a general contingency. Transfers to non-operating funds, primarily the capital fund for capital replacement and information technology projects, account for 5% of the budget.

$4.0 billion
Fiscal Year 2023 Operating Expenses by Category

Fiscal 2023 Operating Expense by Category Pie Chart

Fiscal 2023 Operating Expense by Category Data