Duke University

Analysis

Duke University is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 1939, 87 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Duke University reported income of $3.75bn and spending of $3.84bn, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.30bn to $3.75bn (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Duke University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Princeton University ($3.61bn), California Institute of Technology ($3.93bn) and Emory ($3.51bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $23.7m (0.6% of expenses). Other salaries and wages came to $1.63bn. It paid $1.4m in professional fundraising fees. At year end it held assets of $20.40bn against liabilities of $4.63bn, net assets of $15.77bn. It reported 30,976 employees.