SCHOLARSHIP AMERICA INC

MINNEAPOLIS, MN, 55425-2561 (952) 830-7396 Est. 1961 EIN 04-2296967
B820 - Education 990 - Public charity return 501(c)(3)
www.scholarshipamerica.org

Mission

SEE SCHEDULE OSCHOLARSHIP AMERICA IS A NATIONAL EDUCATION SERVICE ORGANIZATION. . WE'RE COMMITTED TO CREATING A WORLD WHERE EVERY STUDENT CAN ACCESS THE RESOURCES THEY NEED TO LEARN, GROW, AND SUCCEED. OUR EXPERT APPROACH AND FOCUS ON STUDENTS FACING FINANCIAL CHALLENGES HELP BREAK DOWN BARRIERS AND OPEN DOORS TO EDUCATION. SCHOLARSHIP AMERICA HAS DISTRIBUTED MORE THAN $5.7 BILLION IN SCHOLARSHIP ASSISTANCE TO MORE THAN 3.2 MILLION STUDENTS SINCE 1958. PROGRAMS INCLUDE DOLLARS FOR SCHOLARS, EMERGENCY AID, THE DREAM AWARD SCHOLARSHIP PROGRAM, AND SCHOLARSHIP MANAGEMENT SERVICES.

Financials

Total Revenue
$259,860,246
Total Expenses
$243,305,423
Net Assets
$134,299,114
236 employees 9,500 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
6.6 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 8.2%
Expenses ↑ 3.6%
Revenue Sources
Contributions 91.2% Earned revenue 6.0% Investment 2.9%
Expense Breakdown
Program 94.5% Management 4.7% Fundraising 0.9%

Officers & Key Employees (25)

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Grants Received (418)

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Filing History (8 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$259,860,246 ↑$243,305,423$134,299,114
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$240,271,340 $234,740,961$115,277,578
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$240,271,340 ↑$234,740,961$115,277,578
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$222,521,699 ↑$217,322,589$104,666,473
2021 990 - Public charity return
Jan 1, 2021 to Dec 31, 2021
$217,380,140 ↑$207,417,115$110,176,091
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$196,558,508 ↓$201,098,373$97,675,455
2019 990 - Public charity return
Jan 1, 2019 to Dec 31, 2019
$206,274,453 ↑$201,280,661$96,789,004
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$186,759,603 $189,416,946$91,602,409

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EIN: 04-2296967 · Source: IRS Form 990 e-file data