Scholarship America Inc
7900 International Dr Ste 500, Minneapolis, MN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $259,854,510 | $254,926,933 | $144,608,210 |
| FY2024 | $259,860,246 | $243,305,423 | $134,299,114 |
| FY2023 | $240,271,340 | $234,740,961 | $115,277,578 |
| FY2022 | $222,521,699 | $217,322,589 | $104,666,473 |
| FY2021 | $217,380,140 | $207,417,115 | $110,176,091 |
| FY2020 | $196,558,508 | $201,098,373 | $97,675,455 |
| FY2019 | $206,274,453 | $201,280,661 | $96,789,004 |
| FY2018 | $186,759,603 | $189,416,946 | $91,602,409 |
| FY2017 | $189,290,399 | $187,899,785 | $100,260,900 |
| FY2016 | $175,608,075 | $185,528,185 | $94,667,261 |
| FY2015 | $183,759,752 | $197,621,508 | $99,730,048 |
| FY2014 | $182,865,303 | $185,810,907 | $118,931,273 |
| FY2013 | $152,262,512 | $154,320,294 | $128,976,679 |
| FY2012 | $156,838,088 | $160,435,831 | $135,297,004 |
Form 990 filings
The returns filed by Scholarship America Inc (EIN 04-2296967), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $236,420,974 | 91% |
| Program service revenue | $15,590,984 | 6% |
| Other revenue | $7,842,552 | 3% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $239,355,137 | 94% |
| Management & general | $13,410,343 | 5% |
| Fundraising | $2,161,453 | 1% |
What the numbers show
- Contributions & grants made up 91% of total revenue in FY2025.
- Program services accounted for 94% of functional expenses, management & general 5%, and fundraising 1%.
- 94% of functional expenses went to program services in FY2025. That is higher than 93.2% of 73 Education organizations in MN.
- Net assets covered about 6.8 months of expenses at the end of the reporting year. That puts it in the 38th percentile among 1313 Education organizations in MN.
- Total revenue was higher than 99.8% of 1323 Education organizations in MN.
- Total revenue rose from $156,838,088 in FY2012 to $259,854,510 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2012, FY2013, FY2014, FY2015, FY2016, FY2018, FY2020).
- The highest revenue on record here is $259,860,246 in FY2024.
- Net assets grew from $135,297,004 to $144,608,210 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
ELIMINATE BARRIERS TO EDUCATIONAL SUCCESS SO THAT ANY STUDENT CAN PURSUE THEIR DREAM.
IRS status
| Ruling year | 1962 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B820 — Education (in MN) |
| Donations | Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible. |
Similar organizations
- Carleton College — Northfield, MN · $315,082,412
- Macalester College — Saint Paul, MN · $328,451,827
- St Olaf College — Northfield, MN · $333,072,638
- Augsburg University — Minneapolis, MN · $153,576,736
- St Catherine University — Saint Paul, MN · $151,635,094
- Gustavus Adolphus College — Saint Peter, MN · $151,267,734
- Bethel University — Saint Paul, MN · $138,482,716
- University of Northwestern-St Paul — Saint Paul, MN · $126,982,704
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.