Institute for Better Education

Analysis

Institute for Better Education is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in September 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Institute for Better Education reported income of $26.3m and spending of $21.8m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $22.9m to $26.3m (+15%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute for Better Education sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Gateway Science Academy of St Louis ($26.3m), Calvert School Inc ($26.3m) and Board of Control for Southern Regional Education ($26.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $109k (0.5% of expenses). Other salaries and wages came to $447k. At year end it held assets of $42.1m against liabilities of $6,974, net assets of $42.1m. It reported 11 employees.