Institute for Quality Education Inc

Analysis

Institute for Quality Education Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 1991, 35 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 June 2023, Institute for Quality Education Inc reported income of $14.5m and spending of $13.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.2m to $14.5m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute for Quality Education Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Nova Classical Academy ($14.5m), Hope Christian Schools Inc ($14.5m) and Every Car Can ($14.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $144k (1.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $14.9m against liabilities of $359k, net assets of $14.6m. It reported 9 employees.