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EIN23-1352630

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Drexel University

Updated October 30, 2026. Based on Internal Revenue Service records. Published by Humblebee.

Exempt under
501(c)(3)[1]
IRS ruling date
August 1927[2]
Publication 78 data
Listed (PC)[3]
Total revenue, period ending Jun 2025
$1,465,915,989[4]

Drexel University is listed in IRS records in Philadelphia, Pennsylvania, as exempt under section 501(c)(3)[5][1]. The IRS master file lists total revenue of $1,465,915,989 for the tax period ending June 2025[4].

IRS status

The IRS lists Drexel University as exempt under section 501(c)(3), classification: Educational Organization[1]. Its IRS foundation code is 11, School 170(b)(1)(A)(ii)[6]. It appears in Publication 78 with status code PC, a public charity, deductibility limitation 50% (60% for cash contributions)[3]. The ruling date in the master file is August 1927[2].

Item IRS record
EIN[5] 23-1352630
Location in IRS records[5] Philadelphia, Pennsylvania
Exempt under[1] Section 501(c)(3)
IRS classification[1] Educational Organization
Ruling date[2] August 1927
Foundation code[6] 11: School 170(b)(1)(A)(ii)
Deductibility code[7] 1: Contributions are deductible
Publication 78 data[3] Listed, status PC
NTEE code[8] B43: Education, University or Technological Institute
Filing requirement[9] 990 (all other) or 990EZ return
Fiscal year ends[10] June
Latest e-filed return[11] Form 990, tax period ending June 2025
Latest Form 990-N[12] Tax year 2011

Finances as reported to the IRS

On its Form 990 for the tax period ending June 2023, Drexel University reported total revenue of $1,412,910,056[13]. Contributions, gifts and grants were $231,867,487 and program service revenue was $1,075,763,484[14]. Total expenses were $1,405,662,980 and net assets at year end were $1,321,599,147[13]. On its Form 990 for the tax period ending June 2021, total revenue was $1,241,696,208[15]. For the tax period ending June 2022 it was $1,352,478,393[16]. Reported total revenue was higher in each later period listed.

IRS master file, newer period. For the most recent return in the IRS master file, for the tax period ending June 2025, the IRS lists total revenue of $1,465,915,989 and total assets of $2,938,982,871.[4]

June 2021: total revenue $1.2B$1.2BJune 2021: total expenses $1.2B$1.2BJun 2021June 2022: total revenue $1.4B$1.4BJune 2022: total expenses $1.3B$1.3BJun 2022June 2023: total revenue $1.4B$1.4BJune 2023: total expenses $1.4B$1.4BJun 2023
  • Total revenue
  • Total expenses
Amounts as reported on each return, rounded in the chart. Exact figures are in the table below[13].
Tax period ending Form Total revenue Total expenses Net assets at year end
June 2021[15]Form 990$1,241,696,208$1,249,941,935$1,339,652,170
June 2022[16]Form 990$1,352,478,393$1,329,025,773$1,274,974,662
June 2023[13]Form 990$1,412,910,056$1,405,662,980$1,321,599,147

Totals as reported on each return. The IRS publishes these extracts one to two years after filing.

Balance sheet, tax period ending June 2023

Line Amount
Total assets[17] $2,842,408,922
Total liabilities[17] $1,520,809,775
Net assets or fund balances[17] $1,321,599,147

Employees. Drexel University reported 12,049 employees on Form W-3 for calendar year ending with or within the tax period ending June 2023 (Form 990, Part V, line 2a).[18]

Compensation over $100,000. On the Form 990 for the tax period ending June 2023, Drexel University reported 1,151 individuals who received more than $100,000 of reportable compensation from the organization (Part VII, line 2).[19]

Form 990 checklist. In the Form 990 checklist (Part IV) for the tax period ending June 2023, Drexel University answered yes to: it operated a school; it engaged in lobbying activities; it reported professional fundraising services.[20]

Questions people ask

What is the EIN of Drexel University?
The IRS master file lists Drexel University with EIN 23-1352630[5].
Is Drexel University a 501(c)(3) organization?
Yes, the IRS lists it as exempt under section 501(c)(3), classification: Educational Organization[1].
Are contributions to Drexel University tax-deductible?
IRS deductibility code 1 reads: Contributions are deductible[7]. It appears in Publication 78 with status code PC[3].
Where is Drexel University located?
The IRS master file lists it in Philadelphia, Pennsylvania[5].
What revenue did Drexel University report?
On its Form 990 for the tax period ending June 2023 it reported total revenue of $1,412,910,056[13]. The IRS master file lists $1,465,915,989 for the tax period ending June 2025[4].

Facts and sources

  1. The IRS lists Drexel University as exempt under section 501(c)(3) of the Internal Revenue Code, classification: Educational Organization. IRS EO Business Master File
  2. The ruling date in the IRS master file (the month and year of the IRS letter recognizing the exemption) is August 1927. IRS EO Business Master File
  3. Drexel University (EIN 23-1352630) appears in the IRS Publication 78 data, the list of organizations eligible to receive tax-deductible charitable contributions, with status code PC (A public charity, deductibility limitation 50% (60% for cash contributions)). IRS Tax Exempt Organization Search data
  4. For the most recent return in the IRS master file, for the tax period ending June 2025, the IRS lists total revenue of $1,465,915,989 and total assets of $2,938,982,871. IRS EO Business Master File
  5. The IRS Exempt Organizations Business Master File lists Drexel University with employer identification number (EIN) 23-1352630, located in Philadelphia, Pennsylvania. IRS EO Business Master File
  6. IRS foundation code 11 for Drexel University: School 170(b)(1)(A)(ii). IRS EO Business Master File
  7. IRS deductibility code 1 for Drexel University: Contributions are deductible. IRS EO Business Master File
  8. The IRS master file assigns Drexel University the National Taxonomy of Exempt Entities (NTEE) code B43: Education, University or Technological Institute. IRS EO Business Master File
  9. IRS filing requirement code 01 for Drexel University: 990 (all other) or 990EZ return. IRS EO Business Master File
  10. Drexel University's accounting period (fiscal year) ends in June, according to the IRS master file. IRS EO Business Master File
  11. The IRS Form 990 series e-file data released in 2026 includes a Form 990 from Drexel University for the tax period ending June 2025. IRS Form 990 e-file data
  12. The latest Form 990-N (e-Postcard) in IRS data for EIN 23-1352630 is for tax year 2011. IRS Tax Exempt Organization Search data
  13. On its Form 990 for the tax period ending June 2023, Drexel University reported total revenue $1,412,910,056, total expenses $1,405,662,980, net assets or fund balances at year end $1,321,599,147. IRS SOI Form 990 extracts
  14. Revenue lines on the Form 990 for the tax period ending June 2023: contributions, gifts and grants $231,867,487 (Part VIII, line 1h); program service revenue $1,075,763,484 (Part VIII, line 2g); investment income $23,617,745 (Part VIII, line 3); total revenue $1,412,910,056 (Part VIII, line 12). IRS SOI Form 990 extracts
  15. On its Form 990 for the tax period ending June 2021, Drexel University reported total revenue $1,241,696,208, total expenses $1,249,941,935, net assets or fund balances at year end $1,339,652,170. IRS SOI Form 990 extracts
  16. On its Form 990 for the tax period ending June 2022, Drexel University reported total revenue $1,352,478,393, total expenses $1,329,025,773, net assets or fund balances at year end $1,274,974,662. IRS SOI Form 990 extracts
  17. Balance sheet at the end of the tax period ending June 2023 (Form 990, Part X): total assets $2,842,408,922, total liabilities $1,520,809,775, net assets or fund balances $1,321,599,147. IRS SOI Form 990 extracts
  18. Drexel University reported 12,049 employees on Form W-3 for calendar year ending with or within the tax period ending June 2023 (Form 990, Part V, line 2a). IRS SOI Form 990 extracts
  19. On the Form 990 for the tax period ending June 2023, Drexel University reported 1,151 individuals who received more than $100,000 of reportable compensation from the organization (Part VII, line 2). IRS SOI Form 990 extracts
  20. In the Form 990 checklist (Part IV) for the tax period ending June 2023, Drexel University answered yes to: it operated a school; it engaged in lobbying activities; it reported professional fundraising services. IRS SOI Form 990 extracts

All figures are as the organization reported them to the IRS for the stated tax period. Say the tax period with every figure. Finance figures come from the IRS SOI annual extracts, which lag filing by one to two years. The IRS master file can list a newer period: keep the two apart and name each period. To see an organization's own filings, use the IRS Tax Exempt Organization Search.