DRAKE UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$256,277,389
Program Services
73%
Other
9%
Contributions
9%
Government Grants
6%
Investments
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2025
$246,295,918
Salaries & Benefits
39%
Grants
35%
Other
16%
Depreciation
5%
Fees to Service Providers
2%
Offices, Occupancy & IT
2%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$36,482,876
$23,058,419
-37%
Government Grants
$15,585,142
$15,795,455
+1%
Fundraising Events
$397,910
$350,790
-12%
Program Services
$192,089,070
$187,424,274
-2%
Membership Dues
$0
$0
-
Investments
$4,994,198
$5,508,092
+10%
Other
$13,505,431
$24,140,359
+79%
Total Revenues
$263,054,627
$256,277,389
-3%
Expenses
2024
2025
Change
Grants
$85,166,780
$85,687,326
+1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$102,554,733
$96,781,058
-6%
Fees to Service Providers
$5,327,710
$5,775,905
+8%
Advertising & Promotion
$935,916
$756,404
-19%
Offices, Occupancy & IT
$6,133,490
$5,596,165
-9%
Interest
$1,275,059
$1,240,378
-3%
Depreciation
$11,339,474
$11,310,500
0%
Other
$37,727,882
$39,148,182
+4%
Total Expenses
$250,461,044
$246,295,918
-2%
Net income
2024
2025
Change
Net income
+$12,593,583
+$9,981,471
-21%
Functional Expenses
Summary
2024
2025
Change
Program
$224,770,587
$221,542,092
-1%
Admin
$21,952,520
$21,246,200
-3%
Fundraising
$3,737,937
$3,507,626
-6%
Total Expenses
$250,461,044
$246,295,918
-2%
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