Dorchester Academy Inc

Analysis

Dorchester Academy Inc is a registered charity in United States, based in St George, SC. It received its IRS tax-exemption ruling in June 1974, 52 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, Dorchester Academy Inc reported income of $2.4m and spending of $2.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.4m (+59%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dorchester Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include National Crime Prevention Council Inc ($2.4m), Surry Arts Council ($2.4m) and Lynn House of Potomac Valley Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $67k (2.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.1m against liabilities of $2.3m, net assets of $1.7m. It reported 44 employees.