SCHOLARSHIP AMERICA INC
7900 INTERNATIONAL DR STE 500, MINNEAPOLIS, MN · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| 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 |
| FY2011 | $154,987,918 | $162,637,168 | $135,585,221 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $236,962,745 | 94% |
| Program service revenue | $15,480,096 | 6% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $229,805,109 | 94% |
| Management & general | $11,394,019 | 5% |
| Fundraising | $2,106,295 | 1% |
What the numbers show
- Contributions & grants made up 94% of total revenue in FY2024.
- Program services accounted for 94% of functional expenses, management & general 5%, and fundraising 1%.
- 94% of functional expenses went to program services in FY2024. That is higher than 91.8% of 73 Education organizations in MN.
- Net assets covered about 6.6 months of expenses at the end of the reporting year. That puts it in the 37th percentile among 1312 Education organizations in MN.
- Total revenue was higher than 99.8% of 1322 Education organizations in MN.
- Total revenue rose from $154,987,918 in FY2011 to $259,860,246 in FY2024, Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2011, FY2012, FY2013, FY2014, FY2015, FY2016, FY2018, FY2020).
- Net assets declined from $135,585,221 to $134,299,114 between FY2011 and FY2024.
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) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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.
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