Thomas University Inc

Analysis

Thomas University Inc is a registered charity in United States, based in Thomasville, GA. It received its IRS tax-exemption ruling in February 1955, 71 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 May 2022, Thomas University Inc reported income of $20.5m and spending of $20.0m, spending 97% of its income. Across the 3 years on record, from May 2020 to May 2022, income grew from $18.0m to $20.5m (+14%), an average of +6.9% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas University Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Meridian Public Charter School ($20.5m), Ave Maria School of Law ($20.6m) and Berkeley Charter Education Association Inc ($20.5m).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $941k (4.7% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $24.4m against liabilities of $5.3m, net assets of $19.0m. It reported 338 employees.