Drew University
36 Madison Ave, Madison, NJ · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $120,509,727 | $133,892,618 | $121,619,017 |
| FY2024 | $117,249,894 | $138,305,866 | $128,764,031 |
| FY2023 | $112,171,400 | $130,091,459 | $142,106,672 |
| FY2022 | $122,404,308 | $122,795,375 | $152,441,549 |
| FY2021 | $96,034,404 | $110,154,378 | $167,823,020 |
| FY2020 | $104,896,145 | $125,042,898 | $164,216,022 |
| FY2019 | $118,535,052 | $134,193,481 | $190,297,896 |
| FY2018 | $136,503,466 | $139,371,055 | $188,753,215 |
| FY2017 | $142,117,168 | $140,479,570 | $208,282,035 |
| FY2016 | $139,610,010 | $130,480,435 | $225,387,244 |
| FY2015 | $128,218,965 | $122,299,760 | $254,030,143 |
| FY2014 | $120,056,766 | $120,904,528 | $272,235,361 |
| FY2013 | $119,122,987 | $121,877,895 | $267,787,734 |
| FY2012 | $136,025,529 | $122,418,678 | $252,908,211 |
Form 990 filings
The returns filed by Drew University (EIN 22-1487164), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $10,892,602 | 9% |
| Program service revenue | $105,165,955 | 87% |
| Other revenue | $4,451,170 | 4% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $111,708,889 | 83% |
| Management & general | $18,260,816 | 14% |
| Fundraising | $3,922,913 | 3% |
What the numbers show
- Program service revenue made up 87% of total revenue in FY2025.
- Program services accounted for 83% of functional expenses, management & general 14%, and fundraising 3%.
- 83% of functional expenses went to program services in FY2025. That is higher than 47.1% of 104 Education organizations in NJ.
- Net assets covered about 10.9 months of expenses at the end of the reporting year. That puts it in the 44th percentile among 2028 Education organizations in NJ.
- Total revenue was higher than 99.5% of 2068 Education organizations in NJ.
- Total revenue fell from $136,025,529 in FY2012 to $120,509,727 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 10 of 14 reported years (FY2013, FY2014, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024, FY2025).
- The highest revenue on record here is $142,117,168 in FY2017.
- Net assets declined from $252,908,211 to $121,619,017 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE UNIVERSITY OFFERS GRADUATE AND UNDERGRADUATE STUDIES AND IS COMPRISED OF THE COLLEGE OF LIBERAL ARTS, THE THEOLOGICAL SCHOOL, AND THE CASPERSEN SCHOOL OF GRADUATE STUDIES.
IRS status
| Ruling year | 1935 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B420 — Education (in NJ) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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