990 Scout/ Drake University/ Financials

Financial Information for Drake University

Drake University's annual revenue was $256.3M in tax year 2024, reported on their IRS Form 990. They spent $246.3M in total expenses. 90% went to programs and services.

Financial Breakdown

What is Drake University's total annual expenses?

Drake University spent $246.3M in tax year 2024, according to their IRS Form 990 filing.

How much of Drake University's budget goes to programs?

Drake University spent $221.5M (90% of expenses) on programs and services in tax year 2024.

How much does Drake University spend on overhead?

Drake University's overhead in tax year 2024 includes administrative (9%) and fundraising (1%) of their expenses.

What is Drake University's net worth?

Drake University had net assets of $549.4M as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.