INSTITUTE FOR QUALITY EDUCATION INC

INDIANAPOLIS, IN, 46204 (317) 951-8781 Est. 1991 EIN 35-1836687
B99Z - Education 990 - Public charity return 501(c)(3)
www.i4qed.org

Mission

THE ORGANIZATION PROVIDES TUITION ASSISTANCE TO LOW-INCOME STUDENTS, SERVES AS A MODEL FOR RESEARCH AND LEGISLATION, AND ENCOURAGES ALL SCHOOLS TO IMPROVE BY INTRODUCING COMPETITION INTO THE SYSTEM. THE ORGANIZATION CONDUCTS RESEARCH AND ANALYSIS ABOUT THE PRIMARY (K-12) EDUCATIONAL SYSTEM IN INDIANA INCLUDING BUT NOT LIMITED TO SCHOOL CHOICE AS IT EXISTS IN MANY FORMS THROUGHOUT THE UNITED STATES AND ELSEWHERE; AND EDUCATES THE GENERAL PUBLIC AND, IN PARTICULAR, INDIANA RESIDENTS ABOUT THE PRIMARY (K-12) EDUCATIONAL SYSTEM IN INDIANA AND THEIR EDUCATIONAL OPTIONS.

Giving Portfolio

Total Grants
907
Total Giving
$70.7M
Recipients
863
Years Active
2017 - 2024
Avg grant: $79,990 Median: $23,241

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
2024110$12.7M $116K3105
2023108$9.3M $87K6101
2022141$10.7M $76K6125
2021160$10.7M $67K24122
2020113$8.9M $79K6100
2019119$9.4M $79K1699
2017156$9.1M $58K1500

Sectors Funded

Education
132
Religion-Related
28
Unknown
7
Arts, Culture & Humanities
4

Top States

Indiana
907

Grantee Size Profile

$10M - $50M
41
$1M - $5M
38
$5M - $10M
36
$500K - $1M
32
$100K - $500K
4

Top Grantees

Page 1 of 3
$5.9M
$2.7M
$2.0M
WASHINGTON CATHOLIC SCHOOL
IN - 5 grants
$1.7M

Grants Awarded · 644 grants

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Financials

Total Revenue
$14,632,100
Total Expenses
$15,610,907
Net Assets
$17,709,476
11 employees 7 volunteers
From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve
13.6 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 10.7%
Expenses ↑ 27.2%
Revenue Sources
Contributions 99.6% Investment 0.3%
Expense Breakdown
Program 97.0% Management 2.7% Fundraising 0.3%

Officers & Trustees (8)

Individual compensation is available on Grow plans.

Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jul 1, 2024 to Jun 30, 2025
$14,632,100 ↓$15,610,907$17,709,476
2023 990 - Public charity return
Jul 1, 2023 to Jun 30, 2024
$16,377,935 ↑$12,271,438$18,688,283
2022 990 - Public charity return
Jul 1, 2022 to Jun 30, 2023
$14,528,950 ↓$13,392,508$14,581,786
2021 990 - Public charity return
Jul 1, 2021 to Jun 30, 2022
$14,892,886 ↑$13,517,083$13,445,344
2020 990 - Public charity return
Jul 1, 2020 to Jun 30, 2021
$12,010,135 ↑$10,601,277$12,069,541
2019 990 - Public charity return
Jul 1, 2019 to Jun 30, 2020
$10,479,375 ↓$11,258,645$10,660,683
2017 990 - Public charity return
Jul 1, 2017 to Jun 30, 2018
$12,306,102 $10,963,636$11,138,664

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EIN: 35-1836687 · Source: IRS Form 990 e-file data