University of Denver
University of Denver reported $875.4 million in revenue and $867.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $89.99 went to program services, $7.70 to management and general costs and $2.31 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 88.4% of the total. The highest compensation it reported for one person was $1,209,539 (CHANCELLOR). 816 people received more than $100,000 in reportable compensation. Revenue rose 22% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $867MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $875MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.3% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.48 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 4.8% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 88.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,209,539 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.14% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 816 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 27.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 25 of 27 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseStudent scholarship 2024-2025 academic year: the University of Denver student can apply for financial aid to assist them and their family in covering the cost of their education. Scholarships and grants are available to students from federal, state and institutional programs. Institutional scholarship, waivers and cash assistance programs for the 2024-2025 academic year equaled $226,576,991, endowed and gift support scholarship programs funded $30,497,258 and the federal and state programs funded $4,113,405. Up to 80% of the students at the university receive some financial aid
Instruction 2024-2025: undergraduate 6,619, graduate and professional 6,275, total fall enrollment 12,894. Degrees conferred (2024-2025): baccalaureate 2,178, master's 2,322, first professional 326, doctoral 118. Total degrees conferred 4,944. Undergraduate students can select from more than 100 undergraduate programs, including traditional majors and dual degree programs that span a variety of disciplines, including business, education, social work, art history, geographic information science, international studies, public policy and engineering. Graduate students can select from more than…
2024-2025 academic year: academic support includes the administrative support for 12 graduate schools and professional programs and 7 undergraduate schools and colleges. Academic support also includes the university's libraries, media and information technology support and other support functions for the university's primary missions. Student services - consists of the activities of the admissions, registrar and financial resources offices as well as activities that contribute to the students development outside the formal instruction program that include intercollegiate athletic programs and…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHANCELLOR Officer, 40.00 hrs/week | $1,085,140 | $0 | $124,399 | $1,209,539 |
| HEAD COACH Highest compensated employee, 40.00 hrs/week | $895,063 | $0 | $55,471 | $950,534 |
| EXECUTIVE VICE CHANCELLOR Officer, 40.00 hrs/week | $593,822 | $0 | $28,293 | $622,115 |
| SENIOR VICE CHANCELLOR Officer, 40.00 hrs/week | $486,132 | $0 | $109,745 | $595,877 |
| VICE CHANCELLOR Key employee, 40.00 hrs/week | $530,281 | $0 | $53,614 | $583,895 |
| TREASURER - SENIOR VICE CHANCELLOR Officer, 40.00 hrs/week | $529,750 | $0 | $51,499 | $581,249 |
| VICE CHANCELLOR Key employee, 40.00 hrs/week | $432,448 | $0 | $106,723 | $539,171 |
| DEAN Key employee, 40.00 hrs/week | $462,665 | $0 | $47,428 | $510,093 |
816 people received more than $100,000 in reportable compensation from University of Denver (Part VII, line 2). Compensation of current officers, directors and key employees totaled $8.4M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b27 · 25 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 59,008
- Volunteers Part I, line 63,000
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| LAKELAND HOLDINGS Student program services | $4,360,950 |
| ADCELLERANT Digital marketing | $2,973,990 |
| ISOLATE TOWER LLC Property management | $1,245,530 |
| ENDEAVOR OLE PARENT LLC Travel services | $1,034,638 |
| ELLUCIAN COMPANY LLC Software maintenance | $812,691 |
Individuals listed as contractors are left out. 44 contractors were paid more than $100,000 in all.
Private foundation grants it received
129 private foundations reported grants to University of Denver totaling $19M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from University of Denver's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University of Denver, you can publish a response that is linked from this page.
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Of every $100 University of Denver spent in FY2025, $89.99 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Embry-Riddle Aeronautical UniversityDaytona Beach, FL · revenue $864M · programs 86.7% · FY2025
- Queen's University at KingstonCanada, · revenue $883M · programs 94.4% · FY2025
- Step Up for Students - FloridaJacksonville, FL · revenue $859M · programs 98.3% · FY2025
- University of ManitobaCanada, · revenue $917M · programs 95.8% · FY2026
- St John's University New YorkJamaica, NY · revenue $844M · programs 92.9% · FY2025
Questions people ask
How much of University of Denver's spending goes to programs?
In the fiscal year ending June 30, 2025, University of Denver reported that 90.0% of its $867.4 million in expenses went to program services, 7.7% to management and general and 2.3% to fundraising (Form 990, Part IX).
How much does University of Denver pay its top executive?
The largest total compensation University of Denver reported for one person in the fiscal year ending June 30, 2025 was $1,209,539, for the role of CHANCELLOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of Denver get its money?
Of $875.4 million in revenue in the fiscal year ending June 30, 2025, 4.8% came from contributions and grants and 88.4% from program service revenue (Form 990, Part VIII).
Is University of Denver a registered charity?
The IRS lists EIN 84-0404231 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621349349312132 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501339349309730 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421359349311162 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341189349300224 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201319349303505 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121339349304877 · read the filing
All filings for EIN 84-0404231: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.