Drake University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 180,631,952 | 175,364,082 | 5,267,870 | 18.5 | 34% |
| 2013 | 184,739,926 | 180,121,627 | 4,618,299 | 19.6 | 35% |
| 2014 | 196,892,372 | 188,041,306 | 8,851,066 | 20.7 | 34% |
| 2015 | 224,622,628 | 193,457,873 | 31,164,755 | 21.3 | 34% |
| 2016 | 207,615,854 | 197,674,339 | 9,941,515 | 20.8 | 34% |
| 2017 | 212,980,767 | 203,286,802 | 9,693,965 | 21.8 | 34% |
| 2018 | 230,909,154 | 212,574,693 | 18,334,461 | 21.4 | 34% |
| 2019 | 231,025,109 | 219,093,450 | 11,931,659 | 21.5 | 34% |
| 2020 | 222,285,025 | 221,046,779 | 1,238,246 | 21.2 | 33% |
| 2021 | 245,392,452 | 217,987,751 | 27,404,701 | 25.5 | 32% |
| 2022 | 252,974,293 | 237,997,226 | 14,977,067 | 22.4 | 30% |
| 2023 | 259,104,983 | 246,344,127 | 12,760,856 | 23.3 | 31% |
In its most recent public year (2023), this organization brought in $12,760,856 more than it spent. Its reserves stood at about 23.3 months of spending, up from 18.5 in 2012. Staff pay was 31% of spending. $256,320,248 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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