Thomas More College of Liberal Arts Incorporated

Analysis

Thomas More College of Liberal Arts Incorporated is a registered charity in United States, based in Merrimack, NH. It received its IRS tax-exemption ruling in October 1979, 47 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 May 2024, Thomas More College of Liberal Arts Incorporated reported income of $6.0m and spending of $5.8m, spending 97% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $5.4m to $6.0m (+10%), an average of +2.5% a year. The sharpest change came in the year to May 2024, when income rose by 16%. 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, Thomas More College of Liberal Arts Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NH. Charities of a similar size with the same main cause include Chicago Collegiate Inc ($6.0m), Pathfinder Manufacturing ($6.0m) and Metropolitan Children and Youth Inc ($6.0m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 24% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $220k (3.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.4m against liabilities of $1.5m, net assets of $5.9m. It reported 96 employees.