University of St Thomas

Analysis

University of St Thomas is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in March 1942, 84 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, University of St Thomas reported income of $537.1m and spending of $469.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $438.4m to $537.1m (+23%), an average of +5.2% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of St Thomas sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MN. Charities of a similar size with the same main cause include Midwestern University ($518.1m), Quinnipiac University ($541.8m) and Rockefeller University ($514.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $5.5m (1.2% of expenses). Other salaries and wages came to $146.0m. It paid $300k in professional fundraising fees. At year end it held assets of $1.75bn against liabilities of $431.9m, net assets of $1.32bn. It reported 5,233 employees.