Doral Academy of Northern Nevada

Analysis

Doral Academy of Northern Nevada is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in October 2017, 9 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 Northern Nevada reported income of $8.9m and spending of $9.5m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $8.9m (+69%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 106% 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 Northern Nevada sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NV. Charities of a similar size with the same main cause include California Indian Nations College Corporation ($8.9m), Early Childhood Academy Public Charter School ($8.9m) and Neuse Charter School of Johnston County ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $30.1m against liabilities of $29.4m, net assets of $728k. It reported 135 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.