Question 1

What is the mission of THE INSTITUTION OF ENGINEERING AND TECHNOLOGY?

Accepted Answer

Education, policy & awareness activities engage the public in the role of science, engineering & technology in enhancing peoples' lives. IET gathers & distributes knowledge content via a variety of channels to a global audience, drawing on the unique strengths of its membership. Membership & professional development focuses on career long professional development & registration of individuals.

Question 2

What is the financial size of THE INSTITUTION OF ENGINEERING AND TECHNOLOGY?

Accepted Answer

THE INSTITUTION OF ENGINEERING AND TECHNOLOGY is classified as a major charity. In the latest financial year, they reported a total income of £64,082,000 and total expenditure of £70,300,000.

Question 3

How does THE INSTITUTION OF ENGINEERING AND TECHNOLOGY allocate its spending?

Accepted Answer

For every pound spent, approximately 89.8% goes directly to charitable activities. The remaining 10.2% is spent on raising funds and administration. This is lower than the median for similar-sized charities (97.2%).

Question 4

What is the workforce structure of THE INSTITUTION OF ENGINEERING AND TECHNOLOGY?

Accepted Answer

THE INSTITUTION OF ENGINEERING AND TECHNOLOGY employs 576 staff members and is supported by 3,700 volunteers.

Question 5

Does THE INSTITUTION OF ENGINEERING AND TECHNOLOGY receive government funding?

Accepted Answer

To a small extent. Approximately 0.1% of their income comes from government grants or contracts.

Question 6

Does THE INSTITUTION OF ENGINEERING AND TECHNOLOGY pay its trustees?

Accepted Answer

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

THE INSTITUTION OF ENGINEERING AND TECHNOLOGY

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