INSTITUTE FOR BETTER EDUCATION
Mission Statement
The Institute for Better Education (IBE) is a 501(c)(3) nonprofit and nonpartisan organization. We are committed to removing any financial obstacles that stand in a family’s way of providing K-12 education for their children and their unique needs. IBE accomplishes this through the Arizona private school tax credit program. We believe parents are the best resource a child has when determining which school will be the perfect fit for their child. Parents have been able to turn to the Institute for Better Education since 1998 if the right school to fit their child’s needs is not within their financial reach. IBE is honored to play a part in making a real difference in the lives of Arizona children.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
92.1% | 84.4% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.6% | 13.6% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.3% | 0.5% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
29.9 mo | 10.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 32.5% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
93.7% | 88.2% |
P10P90
|
Below median |
|
Surplus margin
Surplus as a share of revenue
|
20.3% | 3.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $25.5M | $20.3M | $50.8M | 92.1% | 10 |
| 2023 | $26.3M | $21.8M | $42.1M | 93.2% | 11 |
| 2022 | $28.9M | $24.1M | $37.2M | 95.4% | 10 |
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