Drexel University
88% goes to programs $8 to raise $100 Strong reserves
Drexel University is a 501(c)(3) organization based in Philadelphia, Pennsylvania, registered in 1927, with $1,400,964,891 in FY2023 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
3201 Arch St Ste 400, Philadelphia, PA, 19104 EIN 23-1352630 Since 1927
Revenue (FY2023)
$1.4B
▼ 0.8% vs prior year
Education median: $200K
Expenses (FY2023)
$1.5B
Net assets
$1.4B
Employees
11,994
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 rating88% to programs · $8 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 Drexel University: 88% to programs · $8 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating12 mo reserves · -4% 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 Drexel University: 12 mo reserves · -4% 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 Drexel University: 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 Drexel University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Integrated academic offerings enhanced by technology, cooperative education and clinical practice
What they do
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. the university is committed to using its research and technological expertise to become an even more powerful economic engine for greater philadelphia, helping to create new high-tech businesses and jobs. drexel is creating an ecosystem of innovation in and around university city, while delivering on its public purpose as an anchor institution for philadelphia. this ecosystem will ultimately benefit students, through co-ops and career opportunities; faculty, through collaborative research and training; and the surrounding community, through the creation of pipelines to employment.this commitment is at the heart of schuylkill yards, a $3.5 billion mixed-use project with development partner brandywine realty trust on university real estate adjacent to philadelphia's amtrak 30th street station. in partnership with wexford science and technology, drexel is also extending ucity square, a multi-billion-dollar development, through a facility that houses k-8 public schools and an academic building that relocated the college of medicine and college of nursing and health professions to the university city campus.most recently, spark therapeutics broke ground on a $575 million state-of-the-art gene therapy innovation center on drexel's campus. through a partnership with gattuso development partners, the campus will also boast what is expected to become the city's largest life sciences facility.during fy24, drexel university conducted research on the following research grants:federally sponsored research - 923 grantsstate of pennsylvania sponsored research - 93 grantscity of philadelphia contracts - 22 grantsprivate foundation sponsored research - 323 grantsindustry sponsored research - 92 grants
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. organized as drexel health, the university's clinical practices provide exceptional care in a variety of services including general internal medicine, hiv/aids, student health, addiction medicine, psychiatry, eating disorders, and optometry, among others.
Contact & location
- Address
- 3201 Arch St Ste 400, Philadelphia, PA, 19104
- City
- Philadelphia
- State
- Pennsylvania
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.0B (FY2013) to $1.4B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.5BNet assets $1.4B
Operating margin
-3.7%
Spent more than it raised in the latest fiscal year.
Total assets
$2.9B
Total liabilities
$1.5B
Net assets
$1.4B
Salaries & benefits
$609.2M
42% of expenses
Board members
60
56 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,400,964,891▼0.8% | $1,453,206,532▲3.4% | $1,394,235,881▲5.5% | $2,909,630,575▲2.4% | 990 |
| 2022 | $1,412,910,056▲4.5% | $1,405,662,980▲5.8% | $1,321,599,147▲3.7% | $2,842,408,922▲17.5% | 990 |
| 2021 | $1,352,478,393▲8.9% | $1,329,025,773▲6.3% | $1,274,974,662▼4.8% | $2,419,583,188 | 990 |
| 2020 | $1,241,696,208▼6.6% | $1,249,941,935▼5.6% | $1,339,652,170▲13.1% | $2,420,281,154▲7.0% | 990 |
| 2019 | $1,329,522,543▼1.6% | $1,324,502,480▼7.4% | $1,184,534,101▼0.7% | $2,261,315,252▲11.7% | 990 |
| 2018 | $1,350,889,299▼1.8% | $1,430,888,337▲6.9% | $1,193,280,670▼4.2% | $2,024,922,675▼0.8% | 990 |
| 2017 | $1,375,999,770▲2.8% | $1,338,464,315▲3.3% | $1,246,177,376▲7.2% | $2,041,983,820▲3.9% | 990 |
| 2016 | $1,338,081,742▲3.2% | $1,296,287,756▲1.9% | $1,162,901,513▲2.3% | $1,964,575,637▼1.1% | 990 |
| 2015 | $1,297,155,786▲2.1% | $1,272,631,113▲6.1% | $1,137,044,181▲1.9% | $1,986,733,444▲2.2% | 990 |
| 2014 | $1,270,836,466▲26.3% | $1,199,306,204▲28.8% | $1,115,693,661▲38.6% | $1,943,620,563▲26.8% | 990 |
| 2013 | $1,006,260,659 | $931,317,968▲8.9% | $804,910,189▲8.5% | $1,533,325,554▲5.3% | 990 |
| 2012 | — | $855,596,140▲6.4% | $742,024,916▲10.9% | $1,456,031,639▲4.5% | 990 |
| 2011 | — | $804,149,087▲7.9% | $669,267,402▲4.9% | $1,393,733,870▲4.1% | 990 |
| 2010 | — | $745,064,433▲5.8% | $637,974,722▲34.4% | $1,338,520,562▲25.2% | 990 |
| 2009 | — | $704,048,389 | $474,830,000 | $1,068,943,000 | 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: John A Fry — $2,694,118 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John A Fry | President | 40 | $2,694,118 |
| Charles Cairns | Dean & Svp Med Affairs Com | 40 | $815,667 |
| Helen Y Bowman | Executive Vp/treasurer/coo | 40 | $724,556 |
| Paul Jensen | Svp & Nina Henderson Provost | 40 | $652,428 |
| Elisabeth Van Bockstaele | Svp Grad, and Online Ed. | 40 | $532,001 |
| David L Unruh | Svp Inst Advancement | 40 | $526,686 |
| Michael J Exler Esq | Svp and General Counsel | 40 | $519,205 |
| Subir Sahu | Svp Student Success | 40 | $487,751 |
| Sharon Walker | Dean, College of Engineering | 40 | $471,287 |
| Paul Brandt-rauf | Dean, School of Biomedical | 40 | $470,397 |
| Zachary Spiker | Head Coach, Basketball | 40 | $467,541 |
| Daniel Filler | Dean, Kline School of Law | 40 | $467,208 |
| Brian Wigdahl | Chair, Microbiology Control | 40 | $461,869 |
| Megan Weyler | Svp and Chro | 40 | $443,985 |
| Tracey Powell | Svp, Univ Marketing & Comm | 40 | $432,869 |
| Brian T Keech | Svp Gov & Community Relations | 40 | $340,280 |
| Aleister Saunders | Exec Vice Prov, Res & Innovation | 40 | $340,082 |
| Daniel Schidlow | Former Key Employee | 40 | $323,111 |
| Catherine Ulozas | Svp Chief Investment Officer | 40 | $312,053 |
| Evelyn Thimba To 723 | Svp Enrollment Management | 40 | $207,969 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Aramark Services Inc | Food Service | $18,264,065 |
| Allied Universal Security Services | Security Services | $9,429,658 |
| Solutionz Inc | Av Integrator Services | $3,774,904 |
| Levlane Advertising Inc | Advertising Service | $3,326,711 |
| Gilbane Building Company | Construction Services | $3,180,976 |
Grants received · $99.9M total
572 grants to Drexel University totaling $99.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Lehigh University | — | 2024 | $245,656 |
| Pew Charitable Trusts | Civic life | 2024 | $190,144 |
| Pennsylvania Interest On Lawyer Trust Account Board | Legal assistance | 2024 | $177,800 |
| Charities Aid Foundation America | Charitable donation | 2024 | $165,658 |
| Electric Power Research Institute Inc | Contribution | 2024 | $115,457 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $105,100 |
| National Board of Medical Examiners | Grant - see part iv | 2024 | $100,000 |
| Cystic Fibrosis Foundation | Cf care center | 2024 | $93,780 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $75,000 |
| Hispanic Scholarship Fund | To provide scholarships for students | 2024 | $52,894 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $50,650 |
| Ayco Charitable Foundation | Education | 2024 | $39,000 |
| American Online Giving Foundation Inc | General support | 2024 | $37,672 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $30,000 |
| National Board of Medical Examiners | Contribution - see part iv | 2024 | $25,000 |
Grants made · $19.4M in FY2023
141 grants totaling $19.4M in FY2023 — showing the 15 largest. All grants made by Drexel University →
| Recipient | Purpose | Amount |
|---|---|---|
| Trustees of the University of Pennsylvania | Research | $2,036,695 |
| Regents of the University of California At Berkeley | Research | $1,424,759 |
| Johns Hopkins University | Research | $649,714 |
| Consumer Credit Counseling Service of Delaware Valley | Research | $629,411 |
| Philadelphia School | Research | $598,906 |
| Regents of the University of California At Berkeley | Research | $523,097 |
| Mathematica Inc | Research | $439,205 |
| Temple University-of the Commonwealth System of Higher Educ | Research | $411,440 |
| Regents of University of California Davis | Research | $400,824 |
| Icahn School of Medicine At Mount Sinai | Research | $385,098 |
| The Childrens Hospital of Philadelphia | Research | $363,425 |
| The Board of Trustees of the University of Illinois | Research | $357,845 |
| Philadelphia Aids Consortium | Research | $351,197 |
| Dana-farber Cancer Institute | Research | $338,097 |
| Medical University of South Carolina | Research | $314,902 |
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Frequently asked questions
- Is Drexel University a legitimate nonprofit?
- Yes. Drexel University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-1352630, based in Philadelphia, Pennsylvania. Donations are tax-deductible.
- What is Drexel University's EIN?
- Drexel University's Employer Identification Number (EIN) is 23-1352630.
- How much revenue does Drexel University report?
- Drexel University reported $1,400,964,891 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Drexel University's spending goes to programs?
- Drexel University spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Drexel University have?
- CharityIndex grades Drexel University A, based on program efficiency and fundraising cost.
- How much does Drexel University's highest-paid employee make?
- The highest reported compensation on Drexel University's latest Form 990 is $2,694,118, paid to John A Fry (President).
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Explore more
Data for Drexel University (EIN 23-1352630) 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.