DREXEL UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,400,964,891
Program Services
79%
Government Grants
9%
Other
6%
Contributions
4%
Investments
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$1,453,206,532
Salaries & Benefits
42%
Grants
30%
Offices, Occupancy & IT
12%
Fees to Service Providers
5%
Other
5%
Depreciation
4%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$31,212,016
$61,445,852
+97%
Government Grants
$134,738,344
$131,012,060
-3%
Fundraising Events
$209,460
$283,476
+35%
Program Services
$1,075,763,484
$1,102,642,279
+2%
Membership Dues
$0
$0
-
Investments
$23,623,884
$28,229,481
+19%
Other
$147,362,868
$77,351,743
-48%
Total Revenues
$1,412,910,056
$1,400,964,891
-1%
Expenses
2023
2024
Change
Grants
$443,366,883
$441,773,930
0%
Benefits to Members
$0
$0
-
Salaries & Benefits
$581,073,081
$609,223,805
+5%
Fees to Service Providers
$70,602,858
$68,973,042
-2%
Advertising & Promotion
$11,628,104
$12,288,508
+6%
Offices, Occupancy & IT
$172,022,298
$180,305,782
+5%
Interest
$19,353,052
$21,849,752
+13%
Depreciation
$52,192,482
$52,989,788
+2%
Other
$55,424,222
$65,801,925
+19%
Total Expenses
$1,405,662,980
$1,453,206,532
+3%
Net income
2023
2024
Change
Net income
+$7,247,076
-$52,241,641
-821%
Functional Expenses
Summary
2023
2024
Change
Program
$1,247,509,344
$1,282,327,608
+3%
Admin
$140,480,095
$153,411,972
+9%
Fundraising
$17,673,541
$17,466,952
-1%
Total Expenses
$1,405,662,980
$1,453,206,532
+3%
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