The New School
86% goes to programs $11 to raise $100 Strong reserves Growing revenue
The New School is a 501(c)(3) organization based in New York, New York, registered in 1986, with $588,124,752 in FY2023 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
66 W 12th St, New York, NY, 10011 EIN 13-3297197 Since 1986
Revenue (FY2023)
$588.1M
▼ 2.5% vs prior year
Education median: $200K
Expenses (FY2023)
$639.4M
Net assets
$600.4M
Employees
7,927
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating86% to programs · $11 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The New School: 86% to programs · $11 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating11 mo reserves · -9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The New School: 11 mo reserves · -9% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The New School: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The New School: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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.
What they do
Scholarship and financial aid: the new school seeks to make its education as affordable as possible by offering financial support to students based on financial need, academic achievement, and other qualifications through scholarships and work study programs, which are funded by institutional funds and federal, state and private grants. in academic year 2023-2024, 9,544 students received institutional scholarships.
Educational support: the university's educational support program is composed of academic support and student services. academic support provides support services, such as libraries, academic technology, and faculty and curriculum development, for its academic program. student services provides various services to students, which contribute to the students' emotional and physical well-being and to their intellectual, cultural, and social development outside the context of the university's formal instructional programs.
Auxiliary revenue for dormitories and dining services
Contact & location
- Address
- 66 W 12th St, New York, NY, 10011
- City
- New York
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $507.8M (FY2013) to $588.1M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.1BNet assets $600.4M
Operating margin
-8.7%
Spent more than it raised in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$1.1B
Net assets
$600.4M
Salaries & benefits
$290.1M
45% of expenses
Board members
30
27 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $588,124,752▼2.5% | $639,435,391▲4.2% | $600,424,618▲1.7% | $1,695,897,113▼0.6% | 990 |
| 2022 | $602,901,362▼3.6% | $613,832,450▼2.1% | $590,189,963▲5.9% | $1,706,553,269▼0.2% | 990 |
| 2021 | $625,459,245▲33.5% | $627,131,831▲16.3% | $557,218,833▼6.1% | $1,709,557,575▲1.5% | 990 |
| 2020 | $468,399,427▼16.2% | $539,301,555▼6.9% | $593,139,700▲5.1% | $1,684,598,012▲33.4% | 990 |
| 2019 | $558,997,855▼0.7% | $579,311,739▲3.6% | $564,611,811▼2.4% | $1,263,076,833▲0.1% | 990 |
| 2018 | $562,838,419▲6.2% | $558,991,385▲3.3% | $578,544,006▲4.8% | $1,261,758,123▲1.5% | 990 |
| 2017 | $530,009,657▲4.5% | $540,953,826▲7.4% | $551,801,785▲4.5% | $1,243,478,751▲1.5% | 990 |
| 2016 | $507,119,252▲2.3% | $503,717,147▲9.5% | $527,801,974▼2.4% | $1,224,578,550▲17.5% | 990 |
| 2014 | $495,933,771▼2.3% | $459,936,766▲7.8% | $540,755,604▲4.0% | $1,042,386,676▲2.0% | 990 |
| 2013 | $507,816,560 | $426,642,415▲7.3% | $520,097,083▲18.4% | $1,021,664,325▲6.6% | 990 |
| 2012 | — | $397,750,597▲0.3% | $439,264,936▲2.6% | $958,001,560▼0.3% | 990 |
| 2011 | — | $396,534,327▲3.8% | $428,088,667▼0.8% | $961,229,154▲2.1% | 990 |
| 2010 | — | $381,932,073▲8.0% | $431,706,033▲9.1% | $941,841,112▲57.3% | 990 |
| 2009 | — | $353,608,676 | $395,827,745 | $598,813,470 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Dwight A Mcbride — $623,760 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dwight A Mcbride | President (through Aug 2023) | 60 | $623,760 |
| Rene White | Provost & Executive Vice President For Academic Affairs | 40 | $618,605 |
| Anne Adriance | Svp For Marketing and Business Development | 40 | $475,469 |
| Jonah Nigh | Senior Vice President For Development & Alumni Engagement | 40 | $417,826 |
| Olatokumbo Shobowale | Executive Vp of Business Operations (through Sept 2023) | 40 | $409,213 |
| Darrick Hamilton | Faculty | 40 | $405,089 |
| Richard Kessler | Executive Dean | 40 | $391,609 |
| Joel Towers | Former Dean / Current Faculty | 40 | $350,719 |
| Benjamin Lee | Faculty | 40 | $344,302 |
| Joseph Sloan | Executive Director and Dean of Continuing and Professional Education | 40 | $343,174 |
| Lin Zhou | Svp and Chief Information Officer | 40 | $341,759 |
| Jennifer Hobbs | Svp, University Secretary, Chief of Staff | 40 | $336,298 |
| Joshua Burgher | Chief Financial Officer | 40 | $335,019 |
| Rachel Schreiber | Former Dean/current Faculty | 40 | $333,021 |
| Melanie Hart | Svp For Equity, Inclusion and Social Justice and Chief Diversity Officer | 40 | $327,828 |
| Mary Watson | Executive Dean | 40 | $325,474 |
| Christopher Cox | Dean | 40 | $307,442 |
| Donna Shalala | Interim President (beginning Aug 2023) | 60 | $306,469 |
| Yvonne Watson | Interim Executive Dean, Parsons School of Design | 40 | $280,836 |
| Stephanie Browner | Former Provost/current Faculty | 40 | $278,689 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Cross Management Corporation | Construction Services | $6,553,743 |
| Compass Group USA Inc | Food Service | $5,077,853 |
| Perfect Parties By Robin Inc | Events Consultation | $2,315,000 |
| Eab Global Inc | Marketing and Enrollment Services | $2,274,682 |
| East End Advisors LLC | Consulting | $2,054,241 |
Grants received · $23.8M total
200 grants to The New School totaling $23.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Inatai Foundation | Project or program support | 2024 | $300,000 |
| Amalgamated Charitable Foundation Inc | Project support | 2024 | $256,025 |
| Robin Hood Foundation | Poverty relief | 2024 | $200,000 |
| The New York Community Trust | For program support. | 2024 | $160,000 |
| The Seattle Foundation | Lin family endowed scholarship fund parsons | 2024 | $75,000 |
| The New York Community Trust | For program support. | 2024 | $75,000 |
| American Online Giving Foundation Inc | General support | 2024 | $64,291 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $40,100 |
| The New York Community Trust | For program support. | 2024 | $35,000 |
| American Endowment Foundation | Educational | 2024 | $30,000 |
| Hispanic Scholarship Fund | To provide scholarships for students | 2024 | $26,967 |
| Rockefeller Philanthropy Advisors Inc | Education | 2024 | $25,000 |
| Communities Foundation of Texas | This grant is designated for general support. | 2024 | $11,250 |
| The New York Community Trust | For program support. | 2024 | $10,000 |
| Tides Foundation | Quality education | 2023 | $5,125,800 |
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Frequently asked questions
- Is The New School a legitimate nonprofit?
- Yes. The New School is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-3297197, based in New York, New York. Donations are tax-deductible.
- What is The New School's EIN?
- The New School's Employer Identification Number (EIN) is 13-3297197.
- How much revenue does The New School report?
- The New School reported $588,124,752 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of The New School's spending goes to programs?
- The New School spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The New School have?
- CharityIndex grades The New School A, based on program efficiency and fundraising cost.
- How much does The New School's highest-paid employee make?
- The highest reported compensation on The New School's latest Form 990 is $623,760, paid to Dwight A Mcbride (President (through Aug 2023)).
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Data for The New School (EIN 13-3297197) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.