Doane Academy

Analysis

Doane Academy is a registered charity in United States, based in Burlington, NJ. It received its IRS tax-exemption ruling in March 1942, 84 years ago. 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, Doane Academy reported income of $7.2m and spending of $8.7m, spending 120% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $7.4m to $7.2m (-2.1%), an average of -0.7% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Doane Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Real Colorado Soccer ($7.2m), Young Womens Christian Association of Utah ($7.2m) and Goodwill Industries of the Berkshires and Southern Vermont in ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $282k (3.2% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $38.8m against liabilities of $5.3m, net assets of $33.5m. It reported 129 employees.