Ivy League Revenue Statistics

Ivy League institutions are renowned for their academic excellence and consistently report substantial revenues. Endowments, tuition fees, research grants, alumni donations and other revenue streams contribute towards financial stability and support their educational aims.

  • As of the 2021/22 academic year, Ivy League institutions generated $40.61 billion in total revenue.
  • This was 11.47% higher than 2020/21’s $36.43 billion.
  • Total revenues have also increased year-on-year over the given 5-year period.
  • Annual revenues at Ivy League institutions amount to $5.08 billion on average.
  • Penn generated the highest revenue out of the Ivy League institutions ($14.43 billion).
  • Penn makes up 35.53% of total Ivy League revenues.
  • More than half (56.11%) of Penn’s revenue is generated through net patient services.
  • Dartmouth generated the lowest revenue out of the Ivy League institutions ($1.01 billion).
  • Dartmouth makes up 2.48% of total Ivy League revenues.
  • Ivy League institutions had total expenditures of $37.32 billion.
  • This was 9.66% higher than 2020/21’s $34.03 billion.

Ivy League revenue

  • As of the 2021/22 academic year, Ivy League institutions generated $40.61 billion in total revenue.
  • This was 11.47% higher than 2020/21’s $36.43 billion.
  • Over the given 5-year period, total Ivy League revenues have increased by 26.37%.
  • Annual revenues at Ivy League institutions amount to $5.08 billion on average.
  • Penn generates 35.53% of total Ivy League revenues.
  • Harvard generates 14.37% of total Ivy League revenues.
  • Columbia generates 14.35% of total Ivy League revenues.
Institution2017/182018/192019/202020/212021/22Change vs 20/21
Brown$0.95bn$0.97bn$1.00bn$0.97bn$1.23bn+27.49%
Columbia$5.00bn$5.03bn$5.20bn$5.20bn$5.83bn+12.16%
Cornell$4.15bn$4.34bn$4.34bn$4.59bn$5.11bn+11.30%
Dartmouth$0.89bn$0.93bn$0.91bn$1.03bn$1.01bn-2.06%
Harvard$5.22bn$5.51bn$5.37bn$5.25bn$5.84bn+11.18%
Princeton$2.01bn$2.15bn$2.17bn$2.16bn$2.36bn+9.00%
Penn$10.09bn$11.02bn$11.31bn$12.66bn$14.43bn+13.98%
Yale$3.82bn$4.11bn$4.25bn$4.58bn$4.81bn+5.04%
Ivy League (average)$4.02bn$4.26bn$4.32bn$4.55bn$5.08bn+11.47%
Total$32.13bn$34.05bn$34.55bn$36.43bn$40.61bn+11.47%

A graph is given below to show the total revenue for Ivy League institutions:

Ivy League expenditure

  • As of the 2021/22 academic year, Ivy League institutions had total expenditures of $37.32 billion.
  • This was 9.66% higher than 2020/21’s $34.03 billion.
  • Over the given 5-year period, total Ivy League expenditures have increased by 22.19%.
  • Annual expenditures at Ivy League institutions amount to $4.67 billion on average.
  • Penn makes up 34.21% of total Ivy League expenditure.
  • Columbia makes up 14.68% of total Ivy League expenditure.
  • Harvard makes up 14.55% of total Ivy League expenditure.
Institution2017/182018/192019/202020/212021/22Change vs 20/21
Brown $0.95bn$0.99bn$1.01bn$1.06bn$1.18bn+11.57%
Columbia$4.57bn$4.81bn$5.04bn$5.04bn$5.48bn+8.60%
Cornell$4.23bn$4.45bn$4.52bn$4.50bn$4.99bn+10.72%
Dartmouth$0.87bn$0.89bn$0.86bn$0.82bn$0.94bn+14.82%
Harvard$5.02bn$5.20bn$5.38bn$4.97bn$5.43bn+9.34%
Princeton$1.72bn$1.74bn$1.80bn$1.84bn$2.00bn+8.66%
Penn$9.56bn$10.50bn$10.94bn$11.60bn$12.77bn+10.06%
Yale$3.63bn$3.83bn$4.04bn$4.20bn$4.54bn+8.06%
Ivy League (average)$3.82bn$4.05bn$4.20bn$4.25bn$4.67bn+9.66%
Total$30.54bn$32.42bn$33.60bn$34.03bn$37.32bn+9.66%

A graph is given below to show the total expenditure for Ivy League institutions:

Ivy League revenue and expenditure by institution

Brown University

  • As of the 2021/22 academic year, Brown generated $1.23 billion in revenue.
  • Brown generated the second-lowest revenue out of the Ivy League institutions.
  • Brown’s expenditure totaled $1.18 billion.
  • Brown had the second-lowest expenditure out of the Ivy League institutions.

Columbia University

  • As of the 2021/22 academic year, Columbia generated $5.83 billion in revenue.
  • Columbia generated the third-highest revenue out of the Ivy League institutions.
  • Columbia’s expenditure totaled $5.48 billion.
  • Columbia had the second-highest expenditure out of the Ivy League institutions.

Cornell University

  • As of the 2021/22 academic year, Cornell generated $5.11 billion in revenue.
  • Cornell generated the fourth-highest revenue out of the Ivy League institutions.
  • Cornell’s expenditure totaled $4.99 billion.
  • Cornell had the fourth-highest expenditure out of the Ivy League institutions.

Dartmouth College

  • As of the 2021/22 academic year, Dartmouth generated $1.01 billion in revenue.
  • Dartmouth generated the lowest revenue out of the Ivy League institutions.
  • Dartmouth’s expenditure totaled $940 million.
  • Dartmouth had the lowest expenditure out of the Ivy League institutions.

Harvard University

  • As of the 2021/22 academic year, Harvard generated $5.84 billion in revenue.
  • Harvard generated the second-highest revenue out of the Ivy League institutions.
  • Harvard’s expenditure totaled $5.43 billion.
  • Harvard had the third-highest expenditure out of the Ivy League institutions.

Princeton University

  • As of the 2021/22 academic year, Princeton generated $2.36 billion in revenue.
  • Princeton generated the third-lowest revenue out of the Ivy League institutions.
  • Princeton’s expenditure totaled $2.00 billion.
  • Princeton had the third-lowest expenditure out of the Ivy League institutions.

University of Pennsylvania

  • As of the 2021/22 academic year, Penn generated $14.43 billion in revenue.
  • Penn generated the highest revenue out of the Ivy League institutions.
  • Penn’s expenditure totaled $12.77 billion.
  • Penn had the highest expenditure out of the Ivy League institutions.

Yale University

  • As of the 2021/22 academic year, Yale generated $4.81 billion in revenue.
  • Yale generated the fourth-lowest revenue out of the Ivy League institutions.
  • Yale’s expenditure totaled $4.54 billion.
  • Yale had the fourth-lowest expenditure out of the Ivy League institutions.

Ivy League revenue FAQ

Which Ivy League university generates the most revenue?

  • As of the 2021/22 academic year, Penn generated the highest revenue out of all Ivy League universities.

Which Ivy League university generates the least revenue?

  • As of the 2021/22 academic year, Dartmouth generated the lowest revenue out of all Ivy League Universities.

Which Ivy League university has the largest expenditure?

  • As of the 2021/22 academic year, Penn had the largest expenditure out of all Ivy League universities.

Which Ivy League university has the lowest expenditure?

  • As of the 2021/22 academic year, Dartmouth had the lowest expenditure out of all Ivy League universities.

Are Ivy League schools for profit?

  • Ivy League universities are privately-funded non-profit institutions.
  • They carefully reinvest their earnings, determine allocations of resources and meet operational needs. 
  • Through this approach, they prioritize the enhancement of student services and the continual improvement of facilities and resources.