Doane Academy
Doane Academy shows consistent asset growth despite occasional operating deficits and no reported officer compensation.
EIN: 210634575 · Burlington, NJ · Updated: 2026-03-28
About Doane Academy
Doane Academy (EIN: 210634575) is a nonprofit organization based in Burlington, NJ. The organization reported total revenue of $9.9M and total assets of $43.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Doane Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Doane Academy with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Doane Academy allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was reported for officers, directors, trustees, or key employees on Part VII of the Form 990, which is highly unusual for an organization of this size with assets exceeding $43 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Doane Academy's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses $8,681,874 vs. revenue $7,240,090; 2021 expenses $7,142,898 vs. revenue $6,582,425).
- Unusual reporting of 0% officer compensation for an organization of this size, which warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Doane Academy:
- Strong and consistent asset growth over the past decade, from $13.1 million in 2014 to $43 million in 2023.
- Low liabilities relative to assets, indicating good financial solvency (e.g., 2023 liabilities $5,317,641 vs. assets $38,831,278).
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency in reporting.
Frequently Asked Questions about Doane Academy
Is Doane Academy a good charity?
Based on the available IRS 990 data, Doane Academy appears to be a financially stable organization with growing assets. The consistent reporting of 0% officer compensation is a notable point, suggesting either a highly volunteer-driven leadership or that compensation is structured in a way not reported in Part VII of the 990. Its mission focus, as implied by its educational nature, combined with asset growth, suggests it effectively manages its resources.
Why is officer compensation consistently 0%?
The consistent reporting of 0% for officer compensation across all 13 filings is unusual for an organization with annual revenues in the millions and assets over $43 million. This could mean that officers are uncompensated volunteers, or that compensation is paid through a related organization, or that the individuals serving as officers are compensated in a capacity not requiring reporting in Part VII of the Form 990.
How has Doane Academy's financial health changed over time?
Doane Academy has shown significant asset growth, from $13,137,322 in 2014 to $43,048,833 in the latest period. Revenue has generally increased, though with fluctuations, including a large spike in 2015. While there have been years with operating deficits (e.g., 2023 and 2021), the overall trend indicates a healthy increase in net assets.
What caused the large revenue spike in 2015?
The IRS 990 data shows a significant revenue spike to $22,504,943 in 2015, compared to around $5-7 million in surrounding years. Without further detail from the filing, this could be attributed to a major capital campaign, a large one-time donation, or a significant investment gain.
Filing History
IRS 990 filing history for Doane Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Doane Academy's revenue has grown by 89%, moving from $3.8M to $7.2M. Total assets increased by 600.3% over the same period, from $5.5M to $38.8M. Total functional expenses rose by 160.5%, from $3.3M to $8.7M. In its most recent filing year (2023), Doane Academy reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $5.3M in liabilities against $38.8M in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $33.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $7.2M | $8.7M | $38.8M | $5.3M | — | View 990 |
| 2022 | $11.3M | $9.3M | $39.6M | $5.7M | — | View 990 |
| 2021 | $6.6M | $7.1M | $42.8M | $6.2M | — | View 990 |
| 2020 | $7.4M | $7.1M | $39.6M | $6.6M | — | View 990 |
| 2019 | $7.5M | $6.4M | $39.4M | $6.6M | — | View 990 |
| 2018 | $6.2M | $6.6M | $38.9M | $7.2M | — | View 990 |
| 2017 | $6.3M | $6.3M | $38.3M | $7.4M | — | View 990 |
| 2016 | $5.6M | $5.5M | $36.1M | $7.5M | — | View 990 |
| 2015 | $22.5M | $4.7M | $35.2M | $5.1M | — | View 990 |
| 2014 | $5.6M | $4.3M | $13.1M | $929K | — | View 990 |
| 2013 | $9.6M | $3.8M | $11.5M | $652K | — | View 990 |
| 2012 | $4.0M | $3.6M | $5.9M | $806K | — | View 990 |
| 2011 | $3.8M | $3.3M | $5.5M | $874K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.2M, expenses of $8.7M, and assets of $38.8M (revenue -35.8% year-over-year).
- 2022: Revenue of $11.3M, expenses of $9.3M, and assets of $39.6M (revenue +71.4% year-over-year).
- 2021: Revenue of $6.6M, expenses of $7.1M, and assets of $42.8M (revenue -11.0% year-over-year).
- 2020: Revenue of $7.4M, expenses of $7.1M, and assets of $39.6M (revenue -1.6% year-over-year).
- 2019: Revenue of $7.5M, expenses of $6.4M, and assets of $39.4M (revenue +20.4% year-over-year).
- 2018: Revenue of $6.2M, expenses of $6.6M, and assets of $38.9M (revenue -0.9% year-over-year).
- 2017: Revenue of $6.3M, expenses of $6.3M, and assets of $38.3M (revenue +12.4% year-over-year).
- 2016: Revenue of $5.6M, expenses of $5.5M, and assets of $36.1M (revenue -75.1% year-over-year).
- 2015: Revenue of $22.5M, expenses of $4.7M, and assets of $35.2M (revenue +299.3% year-over-year).
- 2014: Revenue of $5.6M, expenses of $4.3M, and assets of $13.1M (revenue -41.0% year-over-year).
- 2013: Revenue of $9.6M, expenses of $3.8M, and assets of $11.5M (revenue +136.1% year-over-year).
- 2012: Revenue of $4.0M, expenses of $3.6M, and assets of $5.9M (revenue +5.6% year-over-year).
- 2011: Revenue of $3.8M, expenses of $3.3M, and assets of $5.5M.
Data Sources and Methodology
This transparency report for Doane Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.