Drexel University fulfills its founder's vision of preparing each new generation of students for productive professional and civic lives while also focusing its collective expertise on solving society's greatest problems. Drexel is an academically comprehensive and globally engaged urban research University, dedicated to advancing knowledge and society and to providing every student with a valuable, rigorous, experiential, technology-infused education, enriched by the nation's premier co-operative education program.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$12.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $5.4M a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$12.2M
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $1.03B in investments, Pt X · Ln 11–13
Fine: 0.2 months of spending in cash, plus $1.03B in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
15
named funders · $575K
Looks good: 15 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.5B
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
56
of 60 voting members
Looks good: 56 of 60 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4B
-0.8% vs prior year
Spent
$1.5B
To programs
88%
Net assets
$1.4B
By yearFY2020–FY2025
Revenue
$1.4B
FY2024▼ -0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3B
FY2021$1.2B
FY2022$1.4B
FY2023$1.4B
FY2024$1.4B
FY2025$1.5B
Expenses
$1.5B
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3B
FY2021$1.2B
FY2022$1.3B
FY2023$1.4B
FY2024$1.5B
FY2025$1.5B
Net assets
$1.4B
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2B
FY2021$1.3B
FY2022$1.3B
FY2023$1.3B
FY2024$1.4B
FY2025$1.4B

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1927.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $1.3B Management & general 11% · $153.4M Fundraising 1% · $17.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

84 people listed on the 990; $12.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$2,694,118Pt VII · Sec A
Dean & SVP Med Affairs Com
$815,667Pt VII · Sec A
Executive VP/Treasurer/COO
$724,556Pt VII · Sec A
SVP & Nina Henderson Provost
$652,428Pt VII · Sec A
SVP Grad, and Online Ed.
$532,001Pt VII · Sec A
SVP Inst Advancement
$526,686Pt VII · Sec A
SVP and General Counsel
$519,205Pt VII · Sec A
SVP Student Success
$487,751Pt VII · Sec A

John a Fry’s $1.8M as President (to 9/30/24) is at the 89th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
John a Fry$1,829,538$2,694,118$2,077,353$2,584,592$2,037,295$1,204,239
Randall C Deike—————$1,067,576
Charles Cairns$1,066,351$815,667$933,892$896,356$714,891—
Helen Y Bowman$731,029$724,556$966,123$854,055$880,901$643,219
David Stein Dep 1219—————$776,760
Paul Jensen$659,811$652,428$715,469$765,058$595,872—
David L Unruh$693,018$526,686$576,477$715,888$466,876$680,803
Elisabeth Van Bockstaele$699,203$532,001$611,012$592,322$400,611$412,375

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides integrated academic programs and delivers high-quality, community-focused healthcare services, including specialized clinical care, health promotion, and disease prevention.

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Provided by the organization

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3 programs · $1.3B · in their own filed words · FY2023
01

Instructiondrexel is a comprehensive national research university dedicated to providing quality undergraduate, graduate and professional education featuring excellent academics, state-of-the-art technology and a focus on real-world learning and service.

$1.1Bprogram expense
02

Researchdrexel researchers work across disciplines to increase the world's store of knowledge and translate that new knowledge into solutions with tremendous positive impact on society. Typically, the university receives about $110 million per year in research expenditures.

$181.0Mprogram expense
03

Patient CARE/PUBLIC serviceit is drexel university's patient care mission to serve the community through the delivery of high-quality, cost-effective health care services, including programs of health promotion and disease prevention. All clinical services are provided with careful regard for the individual patient and their family.

$31.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 15 funders →
Grants paid · 763 grants · $2.6B · 2019–2024
Unitemized GrantFY2024$424,925,678
William Marsh Rice UniversityTX · FY2024$1,013,466
Mathematica INCFY2024$659,903
San Francisco State UniversityFY2024$630,779
Johns Hopkins UniversityMD · FY2024$560,532
Regents of University of California DavisFY2024$426,196
University of New MexicoFY2024$421,343
Lincoln UniversityPA · FY2024$306,181
University of MarylandFY2024$241,056
Unitemized GrantFY2024$217,935
See all 763 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.4B
Ln 12
Fees for servicesLn 2g$1.1B
Gifts and grantsLn 1h$212.0M
Investment incomeLn 3$68.7M
Money outPt IX
$1.5B
Ln 25
Programscol B$1.3B
Managementcol C$153.4M
Fundraisingcol D$17.5M
Owns and owesPt X
$1.4B
net assets · Ln 32
Cash and savingsLn 1–2$21.6M
Total assetsLn 16$2.9B
LiabilitiesLn 26$1.5B
PeoplePt VI, VII
84
listed · VII A
PaidVII A23
Voting boardVI 1a60
IndependentVI 1b56
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$212.0M
Government grantsLn 1e$131.0M
Noncash giftsLn 1g$2.1M
Fundraising eventsLn 1c$283K
Fees for servicesLn 2g$1.1B
Investment incomeLn 3$68.7M
Other incomeLn 4–11$17.7M
Gains on assetsLn 7$40.4M
Total revenueLn 12$1.4B
Assets in detailPt X, end of year
CashLn 1$103K
SavingsLn 2$21.4M
Cash and savings togetherLn 1–2$21.6M
InvestmentsLn 11–13$1.03B
Land, buildings, equipmentLn 10c$1.06B
Other assetsLn 15$565.4M
Total assetsLn 16$2.9B
LiabilitiesLn 26$1.5B
Net assetsLn 32$1.4B
OperationsPt I, VI
EmployeesI 512,301
VolunteersI 63,877
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$57.9M$21.6M
InvestmentsLn 11–13$943.9M$1.03B
Land, buildings, equipmentLn 10c$1.03B$1.06B
Total assetsLn 16$2.84B$2.91B
LiabilitiesLn 26$1.52B$1.52B
Net assetsLn 32$1.32B$1.39B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$19.5M$19.5M
Grants to domestic individualsLn 2$419.7M$419.7M
Grants and assistance to foreign recipientsLn 3$2.6M$2.6M
Pay of current officers, directors and key staffLn 5$10.2M$2.6M$6.2M$1.4M
Other salaries and wagesLn 7$463.9M$390.7M$63.4M$9.8M
Pension plan contributionsLn 8$34.5M$28.9M$4.8M$756K
Other employee benefitsLn 9$69.3M$56.8M$10.9M$1.6M
Payroll taxesLn 10$31.4M$26.0M$4.6M$733K
Management feesLn 11a$2.0M$2.0M$10K
Legal feesLn 11b$3.0M$833K$2.2M$21K
Accounting feesLn 11c$2.7M$42K$2.7M
Lobbying feesLn 11d$497K$412K$84K
Professional fundraising feesLn 11e$462K$462K
Investment management feesLn 11f$3.5M$3.5M
Other fees for servicesLn 11g$57.2M$56.4M$865K
Advertising and promotionLn 12$12.3M$12.1M$144K$4K
Office expensesLn 13$40.5M$37.6M$2.5M$363K
Information technologyLn 14$27.5M$22.2M$4.7M$582K
RoyaltiesLn 15$1.5M$1.5M
OccupancyLn 16$112.3M$87.9M$24.4M$993
TravelLn 17$10.8M$10.2M$299K$308K
Conferences, conventions and meetingsLn 19$6.3M$4.6M$1.5M$251K
InterestLn 20$21.8M$20.2M$1.7M
Payments to affiliatesLn 21$6.4M$757K$5.6M
Depreciation, depletion and amortizationLn 22$53.0M$49.3M$3.7M
InsuranceLn 23$29.1M$21.9M$7.1M$99K
Other expenses (24a–d)Ln 24$8.2M$5.9M$2.2M$30K
All other expensesLn 24e$3.0M$1.6M$1.2M$246K
Total functional expensesLn 25$1.45B$1.28B$153.4M$17.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.5B$1.5B−$7.5M$1.4B 990 PDF
FY2024 Viewing $1.4B$1.5B−$52.2M$1.4B 990 PDF
FY2023 $1.4B$1.4B$7.2M$1.3B 990 PDF
FY2022 $1.4B$1.3B$23.5M$1.3B 990 PDF
FY2021 $1.2B$1.2B−$8.2M$1.3B 990 PDF
FY2020 $1.3B$1.3B$5.0M$1.2B 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,400,964,891 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $231,867,487$211,975,029
I-9 Program service revenuePrior year $1,075,763,484$1,102,642,279
I-10 Investment incomePrior year $94,039,801$68,650,217
I-11 Other revenuePrior year $11,239,284$17,697,366
I-12 Total revenuePrior year $1,412,910,056$1,400,964,891
I-13 Grants and similar amounts paidPrior year $443,366,883$441,773,930
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $581,073,081$609,223,805
I-16a Professional fundraising feesPrior year $471,282$462,254
I-17 Other expensesPrior year $380,751,734$401,746,543
I-18 Total expensesPrior year $1,405,662,980$1,453,206,532
I-19 Revenue less expensesPrior year $7,247,076−$52,241,641
Part VI · Governance 56 of 60 board members independent, 1 to look at
VI-1a Voting members of the governing body60
VI-1b Independent voting members56
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,400,964,891 across 15 lines filed
Lines not itemized here account for $7,856 of total revenue; see the IRS return.
VIII-1a Federated campaigns$3,755
VIII-1c Fundraising events$283,476
VIII-1d Related organizations$19,233,641
VIII-1e Government grants$131,012,060
VIII-1f All other contributions, gifts and grants$61,442,097
VIII-1g Noncash contributions (included above)$2,107,491
VIII-1h Total contributions, gifts and grants$211,975,029
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,102,642,279$1,102,642,279
VIII-3 Investment incomeExcluded from tax $28,221,625$28,221,625
VIII-5 RoyaltiesExcluded from tax $421,602$421,602
VIII-6 Net rental income or lossExcluded from tax $2,955,617$2,955,617
VIII-7 Net gain or loss on sales of assetsExcluded from tax $40,420,736$40,420,736
VIII-8 Net income from fundraising eventsExcluded from tax $80,254$80,254
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,706,771 · Unrelated business $7,533,122$14,239,893
VIII-12 Total revenueRelated to mission $1,109,349,050 · Unrelated business $7,533,122 · Excluded from tax $72,107,690$1,400,964,891
Part IX · Statement of functional expenses $1,453,206,532 across 28 lines filed
IX-1 Grants to domestic organizationsPrograms $19,480,612$19,480,612
IX-2 Grants to domestic individualsPrograms $419,667,053$419,667,053
IX-3 Grants and assistance to foreign recipientsPrograms $2,626,265$2,626,265
IX-5 Pay of current officers, directors and key staffPrograms $2,565,911 · Management $6,198,805 · Fundraising $1,395,682$10,160,398
IX-7 Other salaries and wagesPrograms $390,747,351 · Management $63,375,681 · Fundraising $9,776,995$463,900,027
IX-8 Pension plan contributionsPrograms $28,918,911 · Management $4,804,846 · Fundraising $755,933$34,479,690
IX-9 Other employee benefitsPrograms $56,839,644 · Management $10,920,440 · Fundraising $1,573,361$69,333,445
IX-10 Payroll taxesPrograms $26,029,119 · Management $4,587,945 · Fundraising $733,181$31,350,245
IX-11a Management feesPrograms $1,980,772 · Management $10,319$1,991,091
IX-11b Legal feesPrograms $833,140 · Management $2,166,738 · Fundraising $20,838$3,020,716
IX-11c Accounting feesPrograms $41,635 · Management $2,697,028$2,738,663
IX-11d Lobbying feesPrograms $412,375 · Management $84,303$496,678
IX-11e Professional fundraising feesFundraising $462,254$462,254
IX-11f Investment management feesManagement $3,514,052$3,514,052
IX-11g Other fees for servicesPrograms $56,380,892 · Fundraising $865,374$57,246,266
IX-12 Advertising and promotionPrograms $12,140,755 · Management $143,884 · Fundraising $3,869$12,288,508
IX-13 Office expensesPrograms $37,629,819 · Management $2,475,315 · Fundraising $363,219$40,468,353
IX-14 Information technologyPrograms $22,212,520 · Management $4,734,637 · Fundraising $582,056$27,529,213
IX-15 RoyaltiesPrograms $1,497,431$1,497,431
IX-16 OccupancyPrograms $87,931,352 · Management $24,375,871 · Fundraising $993$112,308,216
IX-17 TravelPrograms $10,169,401 · Management $299,191 · Fundraising $307,572$10,776,164
IX-19 Conferences, conventions and meetingsPrograms $4,583,246 · Management $1,481,435 · Fundraising $251,386$6,316,067
IX-20 InterestPrograms $20,189,005 · Management $1,660,747$21,849,752
IX-21 Payments to affiliatesPrograms $757,318 · Management $5,628,275$6,385,593
IX-22 Depreciation, depletion and amortizationPrograms $49,272,996 · Management $3,716,792$52,989,788
IX-23 InsurancePrograms $21,923,391 · Management $7,107,952 · Fundraising $98,747$29,130,090
IX-24 Other expenses (24a–d)Programs $5,891,459 · Management $2,243,436 · Fundraising $29,974$8,164,869
IX-24e All other expensesPrograms $1,605,235 · Management $1,184,280 · Fundraising $245,518$3,035,033
IX-25 Total functional expensesPrograms $1,282,327,608 · Management $153,411,972 · Fundraising $17,466,952$1,453,206,532
Part X · Balance sheet $2,909,630,575 assets, 20 lines filed
Asset lines not itemized here account for $472,746; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $95,504$102,851
X-2 Savings and temporary cash investmentsStart of year $57,781,562$21,448,375
X-3 Pledges and grants receivableStart of year $145,710,897$129,404,112
X-4 Accounts receivableStart of year $76,425,004$92,906,791
X-9 Prepaid expenses and deferred chargesStart of year $9,259,352$11,094,771
X-10c Land, buildings and equipment, netStart of year $1,027,375,162$1,057,029,593
X-11 Publicly traded securitiesStart of year $431,970,364$482,696,465
X-12 Other securitiesStart of year $504,302,000$534,514,000
X-13 Program-related investmentsStart of year $7,606,449$14,604,736
X-15 Other assetsStart of year $581,150,778$565,356,135
X-16 Total assetsStart of year $2,842,408,922$2,909,630,575
X-17 Accounts payable and accrued expensesStart of year $176,613,418$148,186,452
X-19 Deferred revenueStart of year $142,338,742$146,409,463
X-20 Tax-exempt bond liabilitiesStart of year $430,672,293$387,154,565
X-25 Other liabilitiesStart of year $667,085,322$665,679,214
X-26 Total liabilitiesStart of year $1,520,809,775$1,515,394,694
X-27 Net assets without donor restrictionsStart of year $566,903,379$598,962,738
X-28 Net assets with donor restrictionsStart of year $754,695,768$795,273,143
X-32 Total net assets or fund balancesStart of year $1,321,599,147$1,394,235,881
X-33 Total liabilities and net assetsStart of year $2,842,408,922$2,909,630,575
Part XI · Reconciliation of net assets $1,394,235,881 net assets at year end
XI-1 Total revenue$1,400,964,891
XI-2 Total expenses$1,453,206,532
XI-3 Revenue less expenses−$52,241,641
XI-4 Net assets at start of year$1,321,599,147
XI-5 Net unrealized gains (losses) on investments$20,739,022
XI-9 Other changes in net assets$104,139,353
XI-10 Net assets at end of year$1,394,235,881

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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