University of St Thomas

Analysis

University of St Thomas is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1998, 28 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 $115.5m and spending of $123.9m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $90.7m to $115.5m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 106% 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 99th 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 100th percentile within TX. Charities of a similar size with the same main cause include University Enterprises Inc ($115.2m), Mountain Area Health Education Center Inc ($115.6m) and Business Leadership Organized for Catholic Schools ($115.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $1.9m (1.5% of expenses). Other salaries and wages came to $35.1m. At year end it held assets of $255.2m against liabilities of $57.5m, net assets of $197.7m. It reported 1,429 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.