Iec Education of Utah

Analysis

Iec Education of Utah is a registered charity in United States, based in Midvale, UT. It received its IRS tax-exemption ruling in February 2009, 17 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 December 2023, Iec Education of Utah reported income of $982k and spending of $646k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $639k to $982k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iec Education of Utah sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within UT. Charities of a similar size with the same main cause include American Genre Film Archive ($982k), Hear Scholarship Foundation Inc ($982k) and Oceanographic Teaching Stations Inc ($982k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $175k. At year end it held assets of $1.4m against liabilities of $2,279, net assets of $1.4m.