St Thomas More School Inc

Analysis

St Thomas More School Inc is a registered charity in United States, based in Oakdale, CT. It received its IRS tax-exemption ruling in November 1971, 55 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 2024, St Thomas More School Inc reported income of $5.9m and spending of $6.4m, spending 109% of what it took in. Across the 6 years on record, from August 2019 to June 2024, income grew from $4.7m to $5.9m (+25%), an average of +4.5% a year. The sharpest change came in the year to August 2023, when income rose by 27%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Thomas More School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Center for Life Enrichment Inc ($5.9m), Friends of Children and Families Inc ($5.9m) and Helpline Center Inc ($5.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $139k (2.2% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $8.6m against liabilities of $9.5m, net assets of -$864k. It reported 54 employees.