Scholarship America Inc
EIN: 237039405 · Minneapolis, MN · NTEE: B820
| Metric | Value |
|---|---|
| Total Revenue | $46.6M |
| Total Expenses | $27.9M |
| Net Assets | $253.1M |
Is Scholarship America Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Scholarship America Inc
Scholarship America Inc (EIN: 237039405) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code B820. The organization reported total revenue of $46.6M and total assets of $277.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scholarship America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scholarship America Inc is a large nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $40.1M |
| Total Expenses | $27.9M |
| Surplus / Deficit | +$12.2M |
| Total Assets | $253.1M |
| Net Assets | $253.1M |
| Operating Margin | 30.4% |
| Months of Reserves | 108.8 months |
Financial Health Grade: A
In 2023, Scholarship America Inc reported a surplus of $12.2M with revenue exceeding expenses, holds 108.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Scholarship America Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.5% | +8.6% | +10.2% |
| 2022 | -35.6% | +0.0% | -6.8% |
| 2021 | +51.2% | +11.2% | +12.4% |
| 2020 | -12.5% | +2.7% | +5.9% |
| 2019 | +21.4% | +2.2% | +12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1962 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Scholarship America Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Scholarship America Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12.2M, with revenue exceeding expenses.
Frequently Asked Questions about Scholarship America Inc
Is Scholarship America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Scholarship America Inc (EIN: 237039405) insufficient data. 0 red flags identified, 0 strengths noted.
How does Scholarship America Inc spend its money?
Detailed spending breakdown data is not yet available for Scholarship America Inc. Check back for updated IRS 990 analysis.
Are donations to Scholarship America Inc tax-deductible?
Scholarship America Inc is registered as a tax-exempt nonprofit (EIN: 237039405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Scholarship America Inc located?
Scholarship America Inc is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 237039405. It is classified under NTEE code B820.
How many years of IRS 990 filings does Scholarship America Inc have?
Scholarship America Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $46.6M in total revenue.
Filing History
IRS 990 filing history for Scholarship America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Scholarship America Inc's revenue has declined by 11.9%, moving from $45.5M to $40.1M. Total assets increased by 24.6% over the same period, from $203.1M to $253.1M. Total functional expenses rose by 2.9%, from $27.1M to $27.9M. In its most recent filing year (2023), Scholarship America Inc reported a surplus of $12.2M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $40.1M | $27.9M | $253.1M | $0 | — | — |
| 2022 | $29.2M | $25.7M | $229.7M | $0 | — | — |
| 2021 | $45.2M | $25.7M | $246.4M | $0 | — | View 990 |
| 2020 | $29.9M | $23.1M | $219.1M | $0 | — | — |
| 2019 | $34.2M | $22.5M | $207.0M | $0 | — | View 990 |
| 2018 | $28.2M | $22.0M | $184.7M | $0 | — | View 990 |
| 2017 | $29.8M | $20.3M | $185.2M | $0 | — | — |
| 2016 | $25.9M | $20.2M | $166.6M | $0 | — | View 990 |
| 2015 | $26.6M | $20.4M | $162.3M | $0 | — | View 990 |
| 2014 | $27.5M | $20.9M | $163.4M | $0 | — | View 990 |
| 2013 | $41.1M | $33.7M | $204.1M | $0 | — | View 990 |
| 2012 | $39.6M | $28.7M | $210.8M | $0 | — | View 990 |
| 2011 | $45.5M | $27.1M | $203.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40.1M, expenses of $27.9M, and assets of $253.1M (revenue +37.5% year-over-year).
- 2022: Revenue of $29.2M, expenses of $25.7M, and assets of $229.7M (revenue -35.6% year-over-year).
- 2021: Revenue of $45.2M, expenses of $25.7M, and assets of $246.4M (revenue +51.2% year-over-year).
- 2020: Revenue of $29.9M, expenses of $23.1M, and assets of $219.1M (revenue -12.5% year-over-year).
- 2019: Revenue of $34.2M, expenses of $22.5M, and assets of $207.0M (revenue +21.4% year-over-year).
- 2018: Revenue of $28.2M, expenses of $22.0M, and assets of $184.7M (revenue -5.5% year-over-year).
- 2017: Revenue of $29.8M, expenses of $20.3M, and assets of $185.2M (revenue +15.4% year-over-year).
- 2016: Revenue of $25.9M, expenses of $20.2M, and assets of $166.6M (revenue -2.7% year-over-year).
- 2015: Revenue of $26.6M, expenses of $20.4M, and assets of $162.3M (revenue -3.5% year-over-year).
- 2014: Revenue of $27.5M, expenses of $20.9M, and assets of $163.4M (revenue -33.0% year-over-year).
- 2013: Revenue of $41.1M, expenses of $33.7M, and assets of $204.1M (revenue +3.6% year-over-year).
- 2012: Revenue of $39.6M, expenses of $28.7M, and assets of $210.8M (revenue -12.9% year-over-year).
- 2011: Revenue of $45.5M, expenses of $27.1M, and assets of $203.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scholarship America Inc:
Data Sources and Methodology
This transparency report for Scholarship America Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.