Doral College Inc

Analysis

Doral College Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Doral College Inc reported income of $4.1m and spending of $3.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $4.1m (+105%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 62%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Doral College Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Briarwood Academy Inc ($4.1m), Frankfort Christian Academy Inc ($4.1m) and Long Island School for the Gifted ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.7% and program service revenue 90% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $4.1m against liabilities of $63k, net assets of $4.0m. It reported 165 employees.