St Thomas Day School

Analysis

St Thomas Day School is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in May 1974, 52 years ago. 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 June 2023, St Thomas Day School reported income of $3.9m and spending of $3.9m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.4m to $3.9m (+16%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Thomas Day School 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 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Center for Policy Research ($3.9m), Santa Monica Education Foundation ($3.9m) and Wabash County Young Mens Christian Association Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $369k (9.5% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $8.4m against liabilities of $927k, net assets of $7.5m. It reported 40 employees.