Doral Academy of North Carolina

Analysis

Doral Academy of North Carolina is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2019, 7 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 North Carolina reported income of $4.3m and spending of $3.6m, spending 84% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $2.3m to $4.3m (+88%), an average of +88% a year. The sharpest change came in the year to June 2023, when income rose by 88%. Over the whole period it spent 95% 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 North Carolina 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 Jarrow School Inc ($4.3m), Global Scholars Academy Gsa ($4.3m) and Corporation for a Skilled Workforce ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $6.1m against liabilities of $5.7m, net assets of $349k. It reported 62 employees.