Doral Academy of Colorado Inc

Analysis

Doral Academy of Colorado Inc is a registered charity in United States, based in Westminster, CO. It received its IRS tax-exemption ruling in September 2016, 10 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 Colorado Inc reported income of $2.4m and spending of $2.8m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.4m (+6.3%), an average of +1.5% a year. The sharpest change came in the year to June 2022, when income rose by 140%. Over the whole period it spent 64% 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 Colorado Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Oakland Museum Womens Board ($2.4m), Covenant Classical School ($2.4m) and Isu Facilities Corporation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.9% and program service revenue 69% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $25.9m against liabilities of $25.7m, net assets of $172k.