UNIVERSITY OF NOTRE DAME DU LAC
CONTROLLERS OFFICE 724 GRACE HALL, NOTRE DAME, IN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $3,418,676,076 | $2,370,240,201 | $24,547,306,740 |
| FY2024 | $3,322,133,874 | $2,168,910,613 | $22,097,379,632 |
| FY2023 | $2,590,868,335 | $2,046,716,226 | $20,250,852,903 |
| FY2022 | $3,495,548,499 | $1,883,298,833 | $20,144,674,891 |
| FY2021 | $3,514,539,733 | $1,705,430,078 | $21,478,577,005 |
| FY2020 | $2,518,434,460 | $1,689,125,624 | $14,493,492,847 |
| FY2019 | $2,147,367,576 | $1,708,465,004 | $13,718,017,807 |
| FY2018 | $2,542,318,947 | $1,679,035,974 | $13,120,360,621 |
| FY2017 | $2,076,264,785 | $1,511,996,320 | $11,825,411,410 |
| FY2016 | $1,939,878,857 | $1,416,150,617 | $10,590,011,013 |
| FY2015 | $2,184,292,145 | $1,356,768,788 | $10,674,809,303 |
| FY2014 | $1,974,296,447 | $1,282,624,046 | $9,861,306,000 |
| FY2013 | $1,584,150,976 | $1,218,088,403 | $8,296,135,150 |
| FY2012 | $1,434,633,185 | $1,179,074,350 | $7,531,420,194 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $698,255,626 | 35% |
| Program service revenue | $1,314,818,950 | 65% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $2,008,475,603 | 85% |
| Management & general | $284,602,534 | 12% |
| Fundraising | $77,162,064 | 3% |
What the numbers show
- Program service revenue made up 65% of total revenue in FY2025.
- Program services accounted for 85% of functional expenses, management & general 12%, and fundraising 3%.
- 85% of functional expenses went to program services in FY2025. That is higher than 43.2% of 81 Education organizations in IN.
- Net assets covered about 124.3 months of expenses at the end of the reporting year. That puts it in the 86th percentile among 1090 Education organizations in IN.
- Total revenue was higher than 100.1% of 1109 Education organizations in IN.
- Total revenue rose from $1,434,633,185 in FY2012 to $3,418,676,076 in FY2025, Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- The highest revenue on record here is $3,514,539,733 in FY2021.
- Net assets grew from $7,531,420,194 to $24,547,306,740 between FY2012 and FY2025.
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
IRS status
| Ruling year | 1984 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in IN) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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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