Thiel College

Analysis

Thiel College is a registered charity in United States, based in Greenville, PA. It received its IRS tax-exemption ruling in August 1963, 63 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, Thiel College reported income of $53.3m and spending of $53.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.9m to $53.3m (+114%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thiel College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include California University of Science and Medicine ($53.2m), Lubbock Christian University ($53.3m) and Public Prep Charter School Academies ($53.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $1.2m (2.2% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $95.1m against liabilities of $37.9m, net assets of $57.2m. It reported 714 employees.