St Thomas University Inc

Analysis

St Thomas University Inc is a registered charity in United States, based in Miami Gardens, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 University Inc reported income of $86.0m and spending of $72.9m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $52.5m to $86.0m (+64%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Thomas University Inc 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 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Chi St Vincent Medical Group Hot Springs ($86.0m), Trousdale Foundation Inc ($86.3m) and Hartford Healthcare Endowment LLC ($85.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $2.0m (2.8% of expenses). Other salaries and wages came to $28.8m. At year end it held assets of $204.4m against liabilities of $107.6m, net assets of $96.9m. It reported 1,622 employees.