Drew University
Drew University: Navigating Financial Headwinds with Strategic Adjustments
EIN: 221487164 · Madison, NJ · NTEE: B420 · Updated: 2026-04-04
About Drew University
Drew University (EIN: 221487164) is a nonprofit organization based in Madison, NJ, classified under NTEE code B420. The organization reported total revenue of $148.5M and total assets of $220.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drew University's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Drew University with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Drew University allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and mission, with no individual compensation exceeding $500,000 in recent filings, indicating responsible stewardship of funds.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Drew University's IRS 990 filings:
- Total expenses have consistently exceeded total revenues in recent years (e.g., 2023: revenue $112M, expenses $130M), leading to a decline in net assets.
- Long-term liabilities have remained substantial, with $90.9M in 2023, indicating ongoing debt obligations.
- Net assets have shown a consistent downward trend from $327.9M in 2016 to $233.0M in 2023, signaling financial challenges.
Strengths
The following positive indicators were identified for Drew University:
- Despite financial pressures, Drew University maintains significant total assets ($220.5M in 2023), providing a base for operations.
- The university has a long-standing history and established presence in higher education, contributing to its resilience.
- Consistent filing of financial documents demonstrates a commitment to transparency and regulatory compliance.
Frequently Asked Questions about Drew University
What does Drew University do?
Drew University is a nonprofit organization in the Education sector, located in Madison, New Jersey. It is classified under NTEE code B420.
How much revenue does Drew University have?
Drew University reported total revenue of $148,543,181. Based on 13 IRS 990 filings on record.
What are Drew University's total assets?
Drew University holds total assets of $220,552,834 as reported in IRS 990 filings.
Where is Drew University located?
Drew University is based in Madison, New Jersey.
What is Drew University's EIN?
Drew University's Employer Identification Number (EIN) is 221487164. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Drew University?
Drew University is classified under NTEE code B420 (Education).
Is Drew University a registered 501(c)(3)?
Yes, Drew University is recognized as a tax-exempt organization by the IRS. EIN: 221487164.
Does Drew University file IRS Form 990?
Yes, Drew University has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Drew University's revenue in 2023?
In the 202306 filing period, Drew University reported total revenue of $112,171,400, total expenses of $130,091,459, and net assets of $233,007,198.
Is Drew University's revenue growing or declining?
Drew University's revenue is declining. Revenue went from $122,404,308 (202206) to $112,171,400 (202306), a -8.4% change. Based on 13 filings on record.
What is Drew University's most recent 990 filing?
The most recent IRS Form 990 filing for Drew University covers tax period 202306. It shows revenue of $112,171,400, expenses of $130,091,459, total assets of $233,007,198, and liabilities of $90,900,526.
How much does Drew University spend on programs vs administration?
Based on IRS 990 analysis, Drew University allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Drew University a trustworthy charity?
Based on AI analysis of IRS 990 data, Drew University appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Drew University?
The following concerns were identified: Total expenses have consistently exceeded total revenues in recent years (e.g., 2023: revenue $112M, expenses $130M), leading to a decline in net assets.. Long-term liabilities have remained substantial, with $90.9M in 2023, indicating ongoing debt obligations.. Net assets have shown a consistent downward trend from $327.9M in 2016 to $233.0M in 2023, signaling financial challenges.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Drew University's strengths?
Positive indicators for Drew University include: Despite financial pressures, Drew University maintains significant total assets ($220.5M in 2023), providing a base for operations.. The university has a long-standing history and established presence in higher education, contributing to its resilience.. Consistent filing of financial documents demonstrates a commitment to transparency and regulatory compliance.. These findings are derived from AI analysis of the organization's financial filings.
How does Drew University compensate executives?
Executive compensation appears reasonable given the organization's size and mission, with no individual compensation exceeding $500,000 in recent filings, indicating responsible stewardship of funds. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How is Drew University planning to address the persistent deficit spending and declining net assets observed over the past several years?
While the filings show the financial trends, specific strategic plans to reverse the deficit and rebuild net assets are not detailed within the provided data. This would require further investigation into their operational strategies and fundraising initiatives.
What is the impact of the substantial long-term liabilities on Drew University's operational flexibility and future investment capacity?
The consistent presence of significant long-term liabilities (e.g., $90.9M in 2023) likely constrains the university's ability to invest in new programs, facilities, or endowments, potentially limiting growth and innovation without further debt or significant fundraising.
Filing History
IRS 990 filing history for Drew University showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Drew University's revenue has declined by 14.8%, moving from $131.7M to $112.2M. Total assets decreased by 39.7% over the same period, from $386.5M to $233.0M. Total functional expenses rose by 4.7%, from $124.2M to $130.1M. In its most recent filing year (2023), Drew University reported a deficit of $17.9M, with expenses exceeding revenue. The organization holds $90.9M in liabilities against $233.0M in assets (debt-to-asset ratio: 39.0%), resulting in net assets of $142.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $112.2M | $130.1M | $233.0M | $90.9M | — | — |
| 2022 | $122.4M | $122.8M | $245.0M | $92.6M | — | View 990 |
| 2021 | $96.0M | $110.2M | $268.3M | $100.5M | — | View 990 |
| 2020 | $104.9M | $125.0M | $267.9M | $103.7M | — | — |
| 2019 | $118.5M | $134.2M | $293.9M | $103.6M | — | View 990 |
| 2018 | $136.5M | $139.4M | $305.8M | $117.1M | — | View 990 |
| 2017 | $142.1M | $140.5M | $308.3M | $100.0M | — | View 990 |
| 2016 | $139.6M | $130.5M | $328.0M | $102.6M | — | View 990 |
| 2015 | $128.2M | $122.3M | $361.4M | $107.4M | — | View 990 |
| 2014 | $120.1M | $120.9M | $383.5M | $111.3M | — | View 990 |
| 2013 | $119.1M | $121.9M | $377.6M | $109.8M | — | View 990 |
| 2012 | $136.0M | $122.4M | $367.5M | $114.6M | — | View 990 |
| 2011 | $131.7M | $124.2M | $386.5M | $111.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $112.2M, expenses of $130.1M, and assets of $233.0M (revenue -8.4% year-over-year).
- 2022: Revenue of $122.4M, expenses of $122.8M, and assets of $245.0M (revenue +27.5% year-over-year).
- 2021: Revenue of $96.0M, expenses of $110.2M, and assets of $268.3M (revenue -8.4% year-over-year).
- 2020: Revenue of $104.9M, expenses of $125.0M, and assets of $267.9M (revenue -11.5% year-over-year).
- 2019: Revenue of $118.5M, expenses of $134.2M, and assets of $293.9M (revenue -13.2% year-over-year).
- 2018: Revenue of $136.5M, expenses of $139.4M, and assets of $305.8M (revenue -4.0% year-over-year).
- 2017: Revenue of $142.1M, expenses of $140.5M, and assets of $308.3M (revenue +1.8% year-over-year).
- 2016: Revenue of $139.6M, expenses of $130.5M, and assets of $328.0M (revenue +8.9% year-over-year).
- 2015: Revenue of $128.2M, expenses of $122.3M, and assets of $361.4M (revenue +6.8% year-over-year).
- 2014: Revenue of $120.1M, expenses of $120.9M, and assets of $383.5M (revenue +0.8% year-over-year).
- 2013: Revenue of $119.1M, expenses of $121.9M, and assets of $377.6M (revenue -12.4% year-over-year).
- 2012: Revenue of $136.0M, expenses of $122.4M, and assets of $367.5M (revenue +3.3% year-over-year).
- 2011: Revenue of $131.7M, expenses of $124.2M, and assets of $386.5M.
Data Sources and Methodology
This transparency report for Drew University is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.