DRAKE UNIVERSITY

DES MOINES, IA, 50311 (515) 271-3112 Est. 1881 EIN 42-0680460

B430 - Education 990 - Public charity return 501(c)(3)

www.drake.edu

Mission

SEE SCHEDULE O.DRAKE'S MISSION IS TO PROVIDE AN EXCEPTIONAL LEARNING ENVIRONMENT THAT PREPARES STUDENTS FOR MEANINGFUL PERSONAL LIVES, PROFESSIONAL ACCOMPLISHMENTS, AND RESPONSIBLE GLOBAL CITIZENSHIP. THE DRAKE EXPERIENCE IS DISTINGUISHED BY COLLABORATIVE LEARNING AMONG STUDENTS, FACULTY, AND STAFF AND BY THE INTEGRATION OF THE LIBERAL ARTS AND SCIENCES WITH PROFESSIONAL PREPARATION.

Financials

Total Revenue

$256,277,389

Total Expenses

$246,295,918

Net Assets

$549,404,684

2,821 employees 4,869 volunteers

From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve

2.2 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 2.6%

Expenses ↓ 1.7%

Revenue Sources

Contributions 15.3% Earned revenue 73.1% Investment 7.6% Other 4.0%

Expense Breakdown

Program 89.9% Management 8.6% Fundraising 1.4%

Officers & Key Employees (42)

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Grants Received (1150)

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Filing History (7 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jul 1, 2024 to Jun 30, 2025	$256,277,389 ↓	$246,295,918	$549,404,684
2023 990 - Public charity return Jul 1, 2023 to Jun 30, 2024	$263,054,627 ↑	$250,461,044	$521,451,982
2022 990 - Public charity return Jul 1, 2022 to Jun 30, 2023	$259,104,983 ↑	$246,344,127	$477,607,656
2021 990 - Public charity return Jul 1, 2021 to Jun 30, 2022	$252,974,293 ↑	$237,997,226	$443,877,485
2020 990 - Public charity return Jul 1, 2020 to Jun 30, 2021	$245,392,452 ↑	$217,987,751	$464,119,747
2019 990 - Public charity return Jul 1, 2019 to Jun 30, 2020	$222,285,025 ↓	$221,046,779	$390,870,514
2017 990 - Public charity return Jul 1, 2017 to Jun 30, 2018	$230,909,154	$212,574,693	$378,908,545