Thomas Aquinas College

Analysis

Thomas Aquinas College is a registered charity in United States, based in Santa Paula, CA. It received its IRS tax-exemption ruling in November 1969, 57 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, Thomas Aquinas College reported income of $36.1m and spending of $40.7m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.0m to $36.1m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas Aquinas College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Centeral Flordia Clinical Practice Organization Inc ($36.1m), Minneapolis College of Art & Design ($36.1m) and University of Virginia Foundation ($36.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $415k (1.0% of expenses). Other salaries and wages came to $15.2m. It paid $49k in professional fundraising fees. At year end it held assets of $144.9m against liabilities of $19.5m, net assets of $125.4m. It reported 733 employees.