Mission
Scholarship America is the nation’s largest nonprofit provider of scholarships. They work directly with students, parents, colleges, businesses, and communities to help students fulfill their college dreams. Founded in 1958, the organization has distributed $5.4 billion to 3.1 million students and counting, helping countless students break down financial barriers to higher education.
Basic Information
Tax-Exempt
Founded in
1961
EIN
04-2296967
Total Assets
$168.4 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
Showing 1 of 1 goals
At a Glance
Oyuky Aragon-Flores' Journey
Dream Award Scholar Oyuky Aragon-Flores is pursuing a career as a physician’s assistant, hoping to bring culturally aware care to communities like hers. Her journey is inspired by her sisters’ health struggles and her training as an Emergency Medical Technician and Certified Nursing Assistant.
Mitch Peterson's Resilience
Despite facing childhood cancer, diabetes, and a heart transplant, Mitch Peterson pursued his higher education with determination. With help from the Dream Award, he is now studying engineering at Stanford and aiming for a career in medical device development.
Chantel Lewis-Cummings' Ambition
Having faced significant challenges since childhood, including the loss of her father and supporting her family, Chantel Lewis-Cummings is working towards becoming an engineering manager and ultimately a CEO, thanks to the support from Scholarship America.
Impact Stats
130
students supported
The Dream Award
Since 2014, Scholarship America has provided life-changing scholarship assistance through The Dream Award to 130 students who overcame significant obstacles to get to college and faced challenges with tuition beyond their freshman year.
$5.4B
scholarships distributed
$5.4 Billion in Scholarships
Since its founding, Scholarship America has distributed $5.4 billion in scholarships, making it the largest and most experienced private scholarship provider in the country.
3.1M
students assisted
3.1 Million Students Assisted
Over the past 60 years, Scholarship America has helped 3.1 million students fulfill their college dreams by providing essential financial support.
Past Events
An Evening with Scholarship America
11/02/2023
An Evening with Scholarship America is an annual event featuring inspiring stories from scholarship recipients and recognition of supporters who make their educational dreams possible.
Impact Reports
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
79
68
/100
Program Expense Ratio
95.44%
20
/20
Program Revenue Growth
5.77%
16
/20
Leverage Ratio
0.3786
10
/20
Working Capital Ratio
0.4816
6
/20
Fundraising Efficiency
0.4171
16
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 205.9M | 92.51% |
| Program Services | 14.22M | 6.39% |
| Investment Income | 2.511M | 1.13% |
| Sales of Non-Inventory Assets | 132.2K | 0.06% |
| Other Notable Sources | 72.79K | 0.03% |
| Total Revenue | 222.5M | 100.00% |
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