Charity Search / DENISON UNIVERSITY
Education (B420) IRS Verified DX Registered 990 on File

DENISON UNIVERSITY

EIN: 31-4379459 · GRANVILLE, OH 43023-1100 · United States · FY 2023 Data
3 out of 5 59 / 100 Based on 2+ years of filings
Financial strength (30%) 81/100
Reliability (20%) 70/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Mission Statement

Denison University Mission Statement Our purpose is to inspire and educate our students to become autonomous thinkers, discerning moral agents and active citizens of a democratic society. Through an emphasis on active learning, we engage students in the liberal arts, which fosters self-determination and demonstrates the transformative power of education. We envision our students' lives as based upon rational choice, a firm belief in human dignity and compassion unlimited by cultural, racial, sexual, religious or economic barriers, and directed toward an engagement with the central issues of our time. Our curriculum balances breadth with depth, building academic specialization upon a liberal arts foundation in the arts, the sciences, the social sciences and the humanities. Responsive to new ways of learning, we continue to develop interdisciplinary integration of the many forms of knowledge. While our students pursue specialized learning in their chosen majors, they also develop the framework for an integrated intellectual life, spiritually and morally informed. Our faculty is committed to undergraduate education. As teacher-scholar-advisers, their principal responsibility is effective teaching informed by the best scholarship. Faculty members place a priority on close interaction with students, interactive learning, and partnerships with students in original research. Our low student/faculty ratio allows for close supervision of independent research and collaborative work in small groups and classes. We seek to ensure an ever-broader range of racial, ethnic, international and economic backgrounds in a student body of about 2,000 students. We offer different kinds of financial aid to meet the different needs of our students. The focus of student life at Denison is a concern for the whole person. The University provides a living-learning environment sensitive to individual needs yet grounded in a concern for community, in which the principles of human dignity and ethical integrity are paramount. Students engage in a wide range of co-curricular activities that address the multidimensional character of their intellectual and personal journey. Denison is a community in which individuals respect one another and their environment. Each member of the community possesses a full range of rights and responsibilities. Foremost among these is a commitment to treat each other and our environment with mutual respect, tolerance and civility. Approved by the Board of Trustees of Denison University April 24, 1999

Financial Overview — FY 2023
$265.4M
Total Revenue
$254.9M
Total Expenses
$1251.9M
Net Assets
2582
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 87.6%
Fundraising Efficiency N/A
Operating Reserve 58.95x
Liability-to-Asset 14.5%
Revenue Diversification 70.3%
Executive Compensation $3.6M
Compared with Peers
FY 2023
Compared with 607 similar organizations (United States, Education, $100M and over in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
87.6% 87.4%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
10.0% 10.5%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
2.4% 1.3%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
59.0 mo 20.3 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
14.5% 27.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
70.3% 84.6%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
-3.8% -2.0%
P10P90
Expense growth
Year over year expense growth
13.6% 5.9%
P10P90
Surplus margin
Surplus as a share of revenue
4.0% 1.3%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $265.4M $254.9M $1251.9M 87.6% 2582
2022 $275.9M $224.3M $1271.1M 88.3% 2472
2021 $297.4M $208.1M N/A 2530
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Organization Details
EIN
31-4379459
State
OH
City
GRANVILLE
ZIP
43023-1100
Classification
B420
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1831
Foundation Code
11
Form 990
On File
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