Saint Thomas More Academy Inc

Analysis

Saint Thomas More Academy Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in February 2021, 5 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, Saint Thomas More Academy Inc reported income of $1.3m and spending of $1.2m, spending 88% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $47k to $1.3m (+2781%), an average of +437% a year. The sharpest change came in the year to June 2022, when income rose by 907%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Saint Thomas More Academy Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include BDF Elementary ($1.3m), Childrens Workshop ($1.3m) and Visible Men Academy Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Other salaries and wages came to $794k. At year end it held assets of $315k against liabilities of $37k, net assets of $278k. It reported 38 employees.