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Education & Literacy

Scholarship America

Manages and funds scholarships that help students pay for college and finish their degrees.

★★★★ 99% on Charity Navigator · checked Oct 2026

At a glance

Rating 99% 4 of 4 stars · Charity Navigator See the rating ↗
EIN (tax ID) 04-2296967 Tax-exempt since 1962 IRS filings ↗
Revenue (2023) $240.3M Expenses $234.7M
Founded 1958 United States

Rating and filings checked Oct 13, 2026. Sources: Charity Navigator, IRS Form 990 via ProPublica Nonprofit Explorer. How we check

Is Scholarship America a good charity?

Scholarship America holds Charity Navigator's highest rating: 4 out of 4 stars, with an overall score of 99%. Its 2023 Form 990 reports $240.3M in revenue, up 16% from $206.3M in 2019, and $234.7M in expenses. Rating checked Oct 13, 2026.

Finances

From Scholarship America's annual IRS Form 990 filings (filed as Scholarship America Inc).

Year Revenue Expenses Net assets Officer & key staff pay Filing
2023 $240.3M $234.7M $115.3M $634K 990 PDF
2022 $222.5M $217.3M $104.7M $570K
2021 $217.4M $207.4M $110.2M $814K 990 PDF
2020 $196.6M $201.1M $97.7M $853K
2019 $206.3M $201.3M $96.8M $795K 990 PDF

A newer filing for 2024 is out but not yet summarized: read the 2024 Form 990 (PDF).

Officer & key staff pay is the 990's total for current officers, directors, trustees and key employees, not one salary.

What charities in education & literacy do

Education nonprofits operate across school infrastructure, teacher training, learning materials, scholarships, and policy advocacy. The most effective international education charities concentrate on a few high-leverage interventions — teacher training, structured curriculum, formative assessment — backed by randomized evidence. US-focused groups span charter networks, after-school programs, college-access advisors, and adult-literacy initiatives. Funding supports staff, training, materials, scholarships, and facility development.

How to judge charities in this area

Look for outcome data: learning gains measured by standardized assessments, graduation rates, college persistence. Strong education charities use comparison-group methodology to demonstrate their programs cause improved outcomes. Pratham, Room to Read, and Teach For All have published independent evaluations — that level of transparency is the gold standard.

How to support beyond a one-time gift

  • + Recurring monthly gifts let organizations plan multi-year teacher-training cohorts and scholarship commitments
  • + Sponsor specific programs (a scholarship, a teacher cohort) rather than individuals for cleaner accountability
  • + Volunteer as a tutor, mentor, or college-access advisor — most nonprofits in this space rely on volunteer support
  • + Donate professional skills (career mentoring, mock interviews, college essay coaching)
  • + Advocate for evidence-based education policy in your local school district

Verify before you give

A few minutes of independent verification pays off — especially for larger gifts. These resources let you confirm the details on Scholarship America:

Frequently asked

Is Scholarship America a good charity?
Scholarship America holds Charity Navigator's highest rating: 4 out of 4 stars, with an overall score of 99%. Its 2023 Form 990 reports $240.3M in revenue, up 16% from $206.3M in 2019, and $234.7M in expenses. Rating checked Oct 13, 2026.
What is Scholarship America's Charity Navigator rating?
Charity Navigator rates Scholarship America 4 out of 4 stars, with an overall score of 99% (checked Oct 13, 2026). Charity Navigator's score combines accountability and finance, leadership, impact measurement, and culture.
What is Scholarship America's EIN?
Scholarship America's employer identification number (EIN) is 04-2296967, registered with the IRS as Scholarship America Inc (Minneapolis, MN). Use it to look the charity up on the IRS Tax Exempt Organization Search, Charity Navigator, or ProPublica.
How much money does Scholarship America raise and spend?
Its 2023 Form 990 reports $240.3M in revenue, up 16% from $206.3M in 2019, and $234.7M in expenses. Total pay to current officers, directors and key employees was $634K. Full filings are on ProPublica's Nonprofit Explorer.
Are donations to Scholarship America tax-deductible?
Scholarship America Inc is a US tax-exempt organization, recognized by the IRS since 1962. Gifts to 501(c)(3) charities are generally deductible if you itemize; confirm its current status on the IRS Tax Exempt Organization Search with EIN 04-2296967.

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