Doral Academy Foundation Inc

Analysis

Doral Academy Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2024, 2 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 December 2023, Doral Academy Foundation Inc reported income of $2.0m and spending of $2.0m, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $351k to $2.0m (+476%), an average of +476% a year. The sharpest change came in the year to December 2023, when income rose by 476%. 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 Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Sesame Workshop International Inc ($2.0m), Equal Chance for Education ($2.0m) and Marlboro Academy Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.4m against liabilities of $2.4m, net assets of -$4,104.