Doral Academy of Texas

Analysis

Doral Academy of Texas is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in March 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 Texas reported income of $6.4m and spending of $6.4m, spending 100% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $355k to $6.4m (+1711%), an average of +1711% a year. The sharpest change came in the year to June 2023, when income rose by 1711%. Over the whole period it spent 100% 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 Texas sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Tallahassee Classical School Inc ($6.4m), High School for Recording Arts ($6.4m) and Applewild School ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $21.0m against liabilities of $21.0m, net assets of $8,760. It reported 60 employees.