Doral Academy Inc

Analysis

Doral Academy Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 2000, 26 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 Inc reported income of $64.4m and spending of $55.5m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.4m to $64.4m (+49%), an average of +10% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Doral Academy Inc sits at the 99th 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 FL. Charities of a similar size with the same main cause include Seminole County Coalition for School Readiness Inc ($64.4m), Mission Vista Academy ($64.6m) and Charlotte Country Day School ($64.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 8.3% of the total. Other salaries and wages came to $24.0m. At year end it held assets of $166.1m against liabilities of $101.3m, net assets of $64.8m. It reported 611 employees.