Skip to content
Plinth
← FundingAlso makes grants — grantmaker profile →

Indiana · Nonprofit

INSTITUTE FOR QUALITY EDUCATION INC

INSTITUTE FOR QUALITY EDUCATION INC (Indiana) receives grants from 37 organizations whose IRS filings report $27,094,106 to it, the largest being NATL CHRISTIAN CHARITABLE FDN INC ($15,224,926). 21 of them have funded it in more than one year, and 61% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

$15M
Revenue FY2025
37
Funders on record
$27M
Grants received
$18M
Net assets
21/37 repeat funderspeak grant-dependency 34%

Against its field

INSTITUTE FOR QUALITY EDUCATION INC holds deeper cash reserves than three-quarters of the 3,681 education nonprofits its size.

Operating margin−7% · bottom quartile
Months of reserve13.6mo · top quartile
Revenue growth (annualized)4% · below the median

this organization peer median middle 50% of peers· 3,681 education nonprofits $10M–$100M, FY2025

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($11M) Expenses 100 ($9.1M) Net assets 100 ($9.8M)2018 Revenue 115 ($12M) Expenses 121 ($11M) Net assets 114 ($11M)2019 Revenue 105 ($11M) Expenses 120 ($11M) Net assets 117 ($11M)2020 Revenue 98 ($10M) Expenses 124 ($11M) Net assets 109 ($11M)2021 Revenue 112 ($12M) Expenses 117 ($11M) Net assets 123 ($12M)2022 Revenue 139 ($15M) Expenses 149 ($14M) Net assets 137 ($13M)2023 Revenue 136 ($15M) Expenses 147 ($13M) Net assets 149 ($15M)2024 Revenue 153 ($16M) Expenses 135 ($12M) Net assets 191 ($19M)2025 Revenue 137 ($15M) Expenses 172 ($16M) Net assets 181 ($18M)
'17'18'19'20'21'22'23'24'25
Revenue (137)Expenses (172)Net assets (181)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

100% of INSTITUTE FOR QUALITY EDUCATION INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (23% for the typical peer).

This organization
Typical peer · 4,261 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

$1.6M
17
$1.3M
18
$301k
19
$779k
20
$1.4M
21
$1.4M
22
$1.1M
23
$4.1M
24
$979k
25
14
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 6 funders to 17 funders, grant income rose $1.9M → $5.0M.

14 of 37 of your funders are donor-advised or pass-through sponsors (tagged DAF)61% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of INSTITUTE FOR QUALITY EDUCATION INC’s funders (the co-funder graph). Top 30 of 37 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

INSTITUTE FOR QUALITY EDUCATION INC leans on a few funders — its largest provides 56% of grant income and the top three 75%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

80% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund INSTITUTE FOR QUALITY EDUCATION INC.

56%
largest funder
75%
top three
~3
effective funders

Largest funder’s share by year: 2017 62% · 2018 66% · 2019 47% · 2020 46% · 2021 61% · 2022 48% · 2023 67%growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

65% of INSTITUTE FOR QUALITY EDUCATION INC's funders are still giving 3 years after their first grant; 57% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

61% of INSTITUTE FOR QUALITY EDUCATION INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $11M that is directly attributable, 54% of it comes from funders outside Indiana, across 11 states.

IL
NY
MA
IN
CT
MO
VA
MD
AR
NC
FL

In-state vs out-of-state, by year

17
18
19
20
21
22
23
Indiana out of state home

Funder states come from each funder’s own filing. $16M arriving through sponsors registered in 10 statesis excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 37 funders put you under-funded among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like INSTITUTE FOR QUALITY EDUCATION INC

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

97% of spending goes to programs.

Program 97%Management 3%Fundraising 0%

Governance

7
board members
100%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Public support

99%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

IN

Part of a family of 2 related entities

  • Hoosiers for Quality Education Inc · exempt
  • Hoosiers for Quality Education Political Action Committee · exempt

Screen this organization

A dated, signed PDF of the compliance screen for INSTITUTE FOR QUALITY EDUCATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds INSTITUTE FOR QUALITY EDUCATION INC?
INSTITUTE FOR QUALITY EDUCATION INC (Indiana) receives grants from 37 organizations whose IRS filings report $27,094,106 to it, the largest being NATL CHRISTIAN CHARITABLE FDN INC ($15,224,926). 21 of them have funded it in more than one year, and 61% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does INSTITUTE FOR QUALITY EDUCATION INC have?
IRS filings report 37 organizations giving $27,094,106 in grants to INSTITUTE FOR QUALITY EDUCATION INC, 21 of which have funded it in more than one year.
Who is the largest funder of INSTITUTE FOR QUALITY EDUCATION INC?
NATL CHRISTIAN CHARITABLE FDN INC is the largest funder on record, with $15,224,926 in grants. The full list of funders is on this page.
How can an organization like INSTITUTE FOR QUALITY EDUCATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 37funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported August 27, 2026. What this page cannot tell you · view filing