Depauw University: $215.8M Revenue, $185.6M Expenses

Depauw University earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 53/100.

Depauw University is a large nonprofit by U.S. standards: $215.8M in 2023 revenue against $185.6M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. Reserves are the limiting factor: Depauw University carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.

Revenue trend is mildly positive across the five-year filing window — modest growth, consistent with stable funding sources keeping pace with organizational costs. Officer compensation is modest relative to organizational size: Depauw University reports $3.7M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $215.8M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, Depauw University sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.