Nope, It's pretty standard, so EXIF information is generally displayed similarly from device to device.
EXIF data is generally used in photographs to analyze images, or to record setup settings at the time the photo was taken.
For example, there have been times when I've lost a few shots due to simple errors such as a setting such as ISO or shutter speed. Or there are times when I took a really great shot, and I want to remember the camera settings so that I can reproduce the settings for similar shots later.
iPhone EXIF data is fairly standard, but a bit more generalized due to the limitations of the iPhone's camera. You'll usually get information such as the photo's dimensions in both pixels and inches, resolution in pixels per inch, and color depth. More generic info like the exposure mode (the iPhone has only one - AUTO). How the image was metered. Focal length, which is 4.3mm for an iPhone, but is actually a 35mm equivalent. It can also give information such as the subject area, or in other words, where (in a given pixel range) the camera focused on the subject within the frame.
All of this information can be useful, especially for categorizing photos or figuring out problems. For example, one time I was using my iPhone and I was using tap-to-focus, but then the camera would end up focusing on another part of the image. It took me a while to figure out the problem, and I was later able to confirm at home by looking at the EXIF data.
I primarily check for ISO (film speed eq.), aperture and shutter speed. I really like night photography, and there have been times when I've gotten a great shot and referencing the EXIF data will let me see exactly how the camera was set up so that I can use the same settings and technique. And if you forget and still have the original RAW photos, you can always look back.
Photo editing software of some kind is usually needed to view the full EXIF data. I've never personally been comfortable with using Jeffrey's EXIF view, as I don't know what's being done with my actual photo, but it can be used to find EXIF data for other people's photos posted online if you don't feel like saving them to your computer and/or don't have the proper software to view EXIF data. Programs like Photoshop, Lightroom, Aperture, and others can all view EXIF data.
Also, since you asked about entering photo contests, most websites that do this require the original EXIF data to be intact. This is good to know as sometimes original EXIF data can be modified or even completely stripped off of the file is not saved properly, and could disqualify for your photo from the contest. Photoshop has an option to include the original EXIF data when saving from RAW files to JPEG, but since the iPhones only save in JPEG, it usually isn't a problem, but it can be depending on the software you use, especially if you crop or enlarge images, change exposure or brightness levels, etc. Just something to keep in mind if you plan on editing your photos prior to entering a contest.
Well, hopefully this expanded opinion helps answer your question. Don't worry about your "cluelessness", LoL. Everyone starts somewhere, and learning and collaboration is definitely rewarding when it comes to photography. And do feel free to ask any questions to have. This forum has a lot of helpful people when it comes to photography.