UNIVERSITY OF ST THOMAS
2115 SUMMIT AVENUE, ST PAUL, MN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $602,630,236 | $548,068,300 | $1,478,615,616 |
| FY2024 | $513,572,567 | $502,030,131 | $1,374,809,000 |
| FY2023 | $537,075,956 | $469,090,264 | $1,322,513,805 |
| FY2022 | $513,833,802 | $459,182,574 | $1,229,298,936 |
| FY2021 | $470,760,335 | $418,714,890 | $1,223,053,243 |
| FY2020 | $450,761,247 | $410,087,597 | $995,520,297 |
| FY2019 | $438,356,771 | $406,683,032 | $978,909,484 |
| FY2018 | $410,304,432 | $383,310,272 | $950,083,690 |
| FY2017 | $405,544,388 | $371,723,137 | $912,407,039 |
| FY2016 | $371,762,226 | $373,975,820 | $840,190,377 |
| FY2015 | $359,947,706 | $342,629,794 | $870,430,246 |
| FY2014 | $362,655,616 | $345,049,569 | $867,677,196 |
| FY2013 | $374,129,882 | $328,767,301 | $804,694,168 |
| FY2012 | $331,926,535 | $309,972,255 | $734,971,519 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $121,237,417 | 22% |
| Program service revenue | $428,412,468 | 78% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $499,426,447 | 91% |
| Management & general | $36,509,530 | 7% |
| Fundraising | $12,132,323 | 2% |
What the numbers show
- Program service revenue made up 78% of total revenue in FY2025.
- Program services accounted for 91% of functional expenses, management & general 7%, and fundraising 2%.
- 91% of functional expenses went to program services in FY2025. That is higher than 79.5% of 73 Education organizations in MN.
- Net assets covered about 32.4 months of expenses at the end of the reporting year. That puts it in the 71st percentile among 1312 Education organizations in MN.
- Total revenue was higher than 100% of 1322 Education organizations in MN.
- Total revenue rose from $331,926,535 in FY2012 to $602,630,236 in FY2025, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2016).
- Net assets grew from $734,971,519 to $1,478,615,616 between FY2012 and FY2025.
- Contributions and grants made up 11% of revenue in FY2012 and 20% in FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Inspired by Catholic intellectual tradition, the University of St. Thomas educates students to be morally responsible leaders who think critically, act wisely, and work skillfully to advance the common good.
IRS status
| Ruling year | 1942 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B430 — Education (in MN) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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