Thomas More University Inc

Analysis

Thomas More University Inc is a registered charity in United States, based in Crestview HLS, KY. It received its IRS tax-exemption ruling in March 1946, 80 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 2023, Thomas More University Inc reported income of $65.6m and spending of $60.1m, spending 92% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $54.6m to $65.6m (+20%), an average of +4.7% a year. The sharpest change came in the year to May 2021, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas More University Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Pacific Coast Academy ($65.5m), Goodwin University Inc ($65.6m) and Christian Brothers University ($65.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.0m (1.7% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $91.3m against liabilities of $30.3m, net assets of $60.9m. It reported 832 employees.