Dorado Academy Inc

Analysis

Dorado Academy Inc is a registered charity in United States, based in Dorado, PR. It received its IRS tax-exemption ruling in September 2021, 5 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, Dorado Academy Inc reported income of $5.2m and spending of $5.2m, spending 100% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $5.0m to $5.2m (+4.7%), an average of +4.7% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dorado Academy Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within PR. Charities of a similar size with the same main cause include American Geological Institute ($5.2m), Health Access Foundation ($5.2m) and Learning Experience School Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $294k (5.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $8.0m against liabilities of $4.0m, net assets of $4.0m. It reported 103 employees.