Doorway to College Foundation

Analysis

Doorway to College Foundation is a registered charity in United States, based in North Liberty, IA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Doorway to College Foundation reported income of $983k and spending of $897k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $983k (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Doorway to College Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within IA. Charities of a similar size with the same main cause include Keren Even Habochen Inc ($983k), Communities in Schools of Palm Beach County ($983k) and Ohr Somayach South Africa Inc ($983k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 70% of the total. Compensation of current officers, directors and key employees was $206k (23% of expenses). Other salaries and wages came to $357k. At year end it held assets of $1.0m against liabilities of $1.1m, net assets of -$80k. It reported 42 employees.