St Thomas Educational Foundation

Analysis

St Thomas Educational Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 1989, 37 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, St Thomas Educational Foundation reported income of $278k and spending of $291k, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $66k to $278k (+320%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 372%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Thomas Educational Foundation sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Congregation of Sisters Charity of St Vincent de Paul Colorado CH Inc ($278k), All Bout Children Inc ($278k) and Vieux Carre Property Owners Residents and Associates ($278k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% of the total. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.