Charity Search / DREXEL UNIVERSITY
Education (B43) IRS Verified DX Registered 990 on File

DREXEL UNIVERSITY

EIN: 23-1352630 · PHILADELPHIA, PA 19104-2755 · United States · FY 2023 Data
3 out of 5 55 / 100 Based on 2+ years of filings
Financial strength (30%) 74/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$1412.9M
Total Revenue
$1405.7M
Total Expenses
$1321.6M
Net Assets
12049
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 88.8%
Fundraising Efficiency 26448.3%
Operating Reserve 11.28x
Liability-to-Asset 53.5%
Revenue Diversification 76.1%
Executive Compensation $10.7M
Compared with Peers
FY 2023
Compared with 607 similar organizations (United States, Education, $100M and over in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
88.8% 87.4%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
10.0% 10.5%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
1.3% 1.3%
P10P90
Above median
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
26448.3% 4415.8%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
11.3 mo 20.3 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
53.5% 27.0%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
76.1% 84.6%
P10P90
Above median
Revenue growth
Year over year revenue growth
4.5% -2.0%
P10P90
Expense growth
Year over year expense growth
5.8% 5.9%
P10P90
Surplus margin
Surplus as a share of revenue
0.5% 1.3%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $1412.9M $1405.7M $1321.6M 88.8% 12049
2022 $1352.5M $1329.0M $1275.0M 88.5% 11635
2021 $1241.7M $1249.9M N/A — 11528
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Organization Details
EIN
23-1352630
State
PA
City
PHILADELPHIA
ZIP
19104-2755
Classification
B43
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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