St Thomas Aquinas College

Analysis

St Thomas Aquinas College is a registered charity in United States, based in Sparkill, NY. It received its IRS tax-exemption ruling in January 2009, 17 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 June 2023, St Thomas Aquinas College reported income of $32.2m and spending of $41.7m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $32.5m to $32.2m (-0.8%), an average of -0.2% a year. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Thomas Aquinas College sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Fontbonne University ($32.2m), Perspectives Charter School ($32.2m) and Episcopal School of Jacksonville Inc ($32.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $1.6m (3.9% of expenses). Other salaries and wages came to $16.2m. At year end it held assets of $103.8m against liabilities of $15.2m, net assets of $88.5m. It reported 616 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.