Doral Academy of Nevada

Analysis

Doral Academy of Nevada is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in June 2017, 9 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, Doral Academy of Nevada reported income of $57.1m and spending of $61.2m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.4m to $57.1m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Doral Academy of Nevada 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 99th percentile, and in the 99th percentile within NV. Charities of a similar size with the same main cause include Relay Graduate School of Education ($56.9m), South Carolina First Steps to School Readiness Board of Trustees ($57.1m) and Lake Wales Charter Schools ($56.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 91% of the total. Other salaries and wages came to $27.2m. At year end it held assets of $139.5m against liabilities of $146.9m, net assets of -$7.3m. It reported 685 employees.