DUKE UNIVERSITY
2200 W MAIN ST STE 300, DURHAM, NC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $4,754,345,666 | $4,350,043,942 | $17,523,843,407 |
| FY2024 | $4,479,223,078 | $4,143,403,564 | $16,576,010,185 |
| FY2023 | $3,747,197,275 | $3,840,261,811 | $15,765,562,996 |
| FY2022 | $4,604,378,802 | $3,624,272,862 | $16,154,476,836 |
| FY2021 | $4,700,604,083 | $3,270,558,153 | $16,549,823,301 |
| FY2020 | $3,194,489,301 | $3,412,594,625 | $10,881,439,224 |
| FY2019 | $3,302,826,991 | $3,354,786,675 | $11,481,283,733 |
| FY2018 | $3,380,471,454 | $3,207,381,976 | $11,384,952,617 |
| FY2017 | $3,150,208,331 | $3,015,264,354 | $10,493,123,360 |
| FY2016 | $2,786,082,190 | $2,862,714,633 | $9,590,624,796 |
| FY2015 | $3,035,099,104 | $2,746,184,349 | $9,813,335,137 |
| FY2013 | $2,969,928,423 | $2,567,305,807 | $9,161,970,865 |
| FY2012 | $2,398,201,906 | $2,497,823,968 | $7,925,296,559 |
| FY2011 | $2,707,061,859 | $2,514,063,483 | $8,155,389,953 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,975,474,083 | 57% |
| Program service revenue | $1,479,979,763 | 43% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $3,901,884,545 | 90% |
| Management & general | $343,005,130 | 8% |
| Fundraising | $105,154,267 | 2% |
What the numbers show
- Contributions & grants made up 57% of total revenue in FY2025.
- Program services accounted for 90% of functional expenses, management & general 8%, and fundraising 2%.
- 90% of functional expenses went to program services in FY2025. That is higher than 79.6% of 152 Education organizations in NC.
- Net assets covered about 48.3 months of expenses at the end of the reporting year. That puts it in the 82nd percentile among 1707 Education organizations in NC.
- Total revenue was higher than 100.1% of 1728 Education organizations in NC.
- Total revenue rose from $2,707,061,859 in FY2011 to $4,754,345,666 in FY2025, Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 5 of 14 reported years (FY2012, FY2016, FY2019, FY2020, FY2023).
- Net assets grew from $8,155,389,953 to $17,523,843,407 between FY2011 and FY2025.
- Contributions and grants made up 48% of revenue in FY2011 and 42% 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
TO PROVIDE A SUPERIOR LIBERAL EDUCATION, TO PREPARE FUTURE MEMBERS OF LEARNED PROFESSIONS, TO ADVANCE THE FRONTIERS OF KNOWLEDGE, AND TO HELP THOSE WHO SUFFER, CURE DISEASE, AND PROMOTE HEALTH
IRS status
| Ruling year | 1939 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in NC) |
| Donations | Donations are generally tax-deductible (public charity). |
Similar organizations
- GOTHIC CORPORATION — DURHAM, NC · $3,176,211,784
- WAKE FOREST UNIVERSITY HEALTH SCIENCES — WINSTONSALEM, NC · $1,713,703,683
- WAKE FOREST UNIVERSITY — WINSTONSALEM, NC · $843,176,173
- HIGH POINT UNIVERSITY — HIGH POINT, NC · $501,892,632
- ELON UNIVERSITY — ELON, NC · $441,401,510
- NC STATE INVESTMENT FUND INC — RALEIGH, NC · $304,333,028
- DAVIDSON COLLEGE — DAVIDSON, NC · $295,951,405
- CAMPBELL UNIVERSITY — BUIES CREEK, NC · $258,344,677
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.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.