Iuoe Training and Education Center Inc

Analysis

Iuoe Training and Education Center Inc is a registered charity in United States, based in Crosby, TX. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, Iuoe Training and Education Center Inc reported income of $9.4m and spending of $16.8m, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.8m to $9.4m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 238% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iuoe Training and Education Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Queens Hebrew Academy ($9.4m), Educational Solutions Co ($9.4m) and Kids & Company of Linn County ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $217k (1.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $142.7m against liabilities of $194.7m, net assets of -$52.1m. It reported 98 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.