St Thomas School

Analysis

St Thomas School is a registered charity in United States, based in Medina, WA. It received its IRS tax-exemption ruling in January 1970, 56 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, St Thomas School reported income of $16.0m and spending of $15.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $17.1m to $16.0m (-6.7%), an average of -1.7% a year. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Thomas School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Martin de Porres School Inc ($15.9m), Stanley British Primary School ($16.0m) and Virginia Commonwealth University Foundation ($15.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $648k (4.2% of expenses). Other salaries and wages came to $650k. At year end it held assets of $81.7m against liabilities of $26.5m, net assets of $55.2m. It reported 131 employees.