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 | $52,398,511 | $31,849,898 | $312,236,601 |
| FY2024 | $42,758,638 | $29,330,151 | $277,252,707 |
| FY2023 | $40,074,677 | $27,906,725 | $253,059,625 |
| FY2022 | $29,151,786 | $25,702,075 | $229,703,495 |
| FY2021 | $45,248,225 | $25,700,308 | $246,361,861 |
| FY2020 | $29,933,482 | $23,114,305 | $219,130,905 |
| FY2019 | $34,220,842 | $22,499,331 | $206,987,645 |
| FY2018 | $28,182,470 | $22,011,358 | $184,732,604 |
| FY2017 | $29,827,812 | $20,258,836 | $185,216,547 |
| FY2016 | $25,858,448 | $20,197,703 | $166,568,869 |
| FY2015 | $26,581,304 | $20,370,130 | $162,262,266 |
| FY2014 | $27,532,223 | $20,857,005 | $163,432,457 |
| FY2013 | $41,069,889 | $33,663,046 | $204,058,724 |
| FY2012 | $39,626,380 | $28,738,349 | $210,792,891 |
Form 990 filings
The returns filed by Scholarship America Inc (EIN 23-7039405), 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 | $34,673,032 | 66% |
| Program service revenue | $0 | 0% |
| Other revenue | $17,725,479 | 34% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $28,370,889 | 89% |
| Management & general | $3,004,714 | 9% |
| Fundraising | $474,295 | 1% |
What the numbers show
- Contributions & grants made up 66% of total revenue in FY2025.
- Program services accounted for 89% of functional expenses, management & general 9%, and fundraising 1%.
- 89% of functional expenses went to program services in FY2025. That is higher than 64.4% of 73 Education organizations in MN.
- Net assets covered about 117.6 months of expenses at the end of the reporting year. That puts it in the 86th percentile among 1313 Education organizations in MN.
- Total revenue was higher than 98.3% of 1323 Education organizations in MN.
- Total revenue rose from $39,626,380 in FY2012 to $52,398,511 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2012 to FY2025.
- Net assets grew from $210,792,891 to $312,236,601 between FY2012 and FY2025.
- Contributions and grants made up 75% of revenue in FY2012 and 66% in FY2025.
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
THE MISSION OF SCHOLARSHIP AMERICA IS TO 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 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.
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