DEPAUW UNIVERSITY
313 S LOCUST ST, GREENCASTLE, IN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $263,810,956 | $203,426,887 | $1,238,381,394 |
| FY2024 | $256,738,950 | $188,586,115 | $1,112,521,898 |
| FY2023 | $215,810,863 | $185,632,708 | $940,810,562 |
| FY2022 | $197,947,778 | $176,852,787 | $885,571,603 |
| FY2021 | $191,010,740 | $160,784,484 | $943,376,208 |
| FY2020 | $170,125,801 | $181,130,904 | $801,797,329 |
| FY2019 | $185,003,992 | $186,530,077 | $853,719,000 |
| FY2018 | $200,711,825 | $181,502,185 | $867,107,545 |
| FY2017 | $184,337,411 | $176,910,684 | $812,964,395 |
| FY2016 | $199,465,634 | $167,131,008 | $749,326,972 |
| FY2015 | $180,369,740 | $157,809,999 | $781,422,302 |
| FY2014 | $199,849,329 | $155,926,942 | $768,096,109 |
| FY2013 | $246,208,708 | $151,725,917 | $682,206,424 |
| FY2012 | $154,844,653 | $149,055,302 | $572,309,539 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $94,006,623 | 43% |
| Program service revenue | $125,736,500 | 57% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $176,797,142 | 87% |
| Management & general | $22,767,481 | 11% |
| Fundraising | $3,862,264 | 2% |
What the numbers show
- Program service revenue made up 57% of total revenue in FY2025.
- Program services accounted for 87% of functional expenses, management & general 11%, and fundraising 2%.
- 87% of functional expenses went to program services in FY2025. That is higher than 54.3% of 81 Education organizations in IN.
- Net assets covered about 73.1 months of expenses at the end of the reporting year. That puts it in the 78th percentile among 1090 Education organizations in IN.
- Total revenue was higher than 99.8% of 1109 Education organizations in IN.
- Total revenue rose from $154,844,653 in FY2012 to $263,810,956 in FY2025, Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2019, FY2020).
- Net assets grew from $572,309,539 to $1,238,381,394 between FY2012 and FY2025.
- Contributions and grants made up 19% of revenue in FY2012 and 36% in FY2025.
- Donations are generally tax-deductible (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
DePauw is a nationally-recognized, leading liberal arts college committed to creating an atmosphere of intellectual challenge & engagement that prepares students for lifelong success.
IRS status
| Ruling year | 1930 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B420 — Education (in IN) |
| Donations | Donations are generally tax-deductible (public charity). |
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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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