A summary of New York Tech’s recent financial results is presented here.

The report below summarizes New York Tech’s financial performance for the fiscal year ended June 30, 2024, with comparatives for the prior year. New York Tech concluded fiscal year 2024 with a net operating margin of $20 million (7% of total revenues) and $24 million added to total net assets. In addition to another balanced operating budget, New York Tech entered the second year of a $280 million capital and information technology redevelopment plan, directing financial resources to campus facilities, modernization of our IT systems and security, and investments in research programming. Utilizing its stable credit ratings, in spring 2024 New York Tech borrowed $100 million in tax-exempt bonds through the New York State Dormitory Authority to expand funding for academic and research spaces, infrastructure, and recreational facilities on the Long Island and New York City campuses. New York Tech also leased newly redeveloped academic spaces in Vancouver and student residence halls in New York City and Long Island. Management and the Board of Trustees provide attentive stewardship to the university’s financial health and resources, ensuring sustainable funding for future operating and capital needs and achievement of new mission-driven goals.