Virginia · Nonprofit
HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC
HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC (Virginia) receives grants from 173 organizations whose IRS filings report $84,522,103 to it, the largest being DENNIS & PHYLLIS WASHINGTON FOUNDATION ($14,757,500). 105 of them have funded it in more than one year.
- Revenue FY2024
- $30M
- Funders on record
- 173
- Grants received
- $85M
- Net assets
- $13M
What Horatio Alger Assn of Distinguished Americans Inc does
Mission
The primary exempt purpose of the association is two fold: (1) to provide scholarship assistance to help promising high school students (who fit the horatio alger profile) attend college, and (2) to spread the message that america's free enterprise system provides the greatest opportunities in the world for personal achievement and success.
As stated on its FY2024 Form 990.
Programs
Other scholarship programs include the internship and externship program, the cost of scholar services, such as financial advising, the alumni advisory council, the scholarship selection committee and the members forum meetings. The association also offers grants to scholars pursuing graduate studies through the dennis washington graduate grant program.
$10,314,660 spentof which $8,643,061 as grants39% of program spendingMembership and induction: the horatio alger award (the award) is recognized as one of the nation's most prestigious honors. The award is presented during the annual membership program and induction ceremonies held in washington, d.c., each year during a multi-day program for members, life partners and friends of distinction, held concurrently with the national scholars' conference. The programs focus on member achievements, interviews with new members, opportunities for member networking, mentoring of the national scholars and educational programs regarding the future of the american dream.
$8,263,708 spent31% of program spendingMember support and meetings: the association convenes the lifetime members and life partners to advance the mission, programs and services of the association on a regular basis including, but not limited to, the annual board of directors meeting, annual awards week in washington and at specialized forums, such as the international forum, alumni summits and regional convenings. These activities include ongoing communications with members, such as forum; the biennial report; only in america; and other online and printed materials that keep the members connected to the associations mission and work.
$2,969,024 spent11% of program spendingNational scholars' conference
$1,989,845 spent7% of program spendingScholar services and support
$927,087 spentof which $40,693 as grants3% of program spendingEducational media and publications
$709,183 spent$15,324 earned by the program3% of program spendingResearch
$617,601 spent2% of program spendingAmerican enterprise summit
$365,343 spent1% of program spendingScholars alumni programs
$280,493 spent1% of program spendingField directors meeting
$177,835 spent1% of program spending
The 10 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $26,614,779.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $55M to $40M (−27%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
97% of HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
James F Dicke Ii
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 45 funders to 68 funders, grant income rose $4.9M → $10M.
17 of 173 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 9% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $72M from 21 payers (the payer shares this organization's board, largest Horatio Alger Endowment Fund). These are real filings, and they are not money HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC raised.
From the IRS filings of HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC’s funders (the co-funder graph). Top 30 of 173 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC has a broad base — no single funder exceeds 17% of grant income, and it takes 10 funders to reach half.
the vertical line marks half of all grant income — 10 funders to its left
Largest funder’s share by year: 2017 20% · 2018 27% · 2019 14% · 2020 14% · 2021 54% · 2022 13% · 2023 10% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
43% of HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC's funders are still giving 3 years after their first grant; 61% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC draws 95% of its grant income from funders outside Virginia, across 34 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $7.3M arriving through sponsors registered in 14 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC is better cushioned than half of the 4,065 education nonprofits its size.
this organization peer median middle 50% of peers· 4,065 education nonprofits $10M–$100M, FY2024
Organizations like HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
91% of spending goes to programs.
Governance
Public support
87%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 3 related entities
- Horatio Alger Endowment Fund · exempt
- The Horatio Alger Association of Canada · exempt
- Friends of Haac Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC?
- HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC (Virginia) receives grants from 173 organizations whose IRS filings report $84,522,103 to it, the largest being DENNIS & PHYLLIS WASHINGTON FOUNDATION ($14,757,500). 105 of them have funded it in more than one year.
- How many funders does HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC have?
- IRS filings report 173 organizations giving $84,522,103 in grants to HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC, 105 of which have funded it in more than one year.
- Who is the largest funder of HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC?
- DENNIS & PHYLLIS WASHINGTON FOUNDATION is the largest funder on record, with $14,757,500 in grants. The full list of funders is on this page.
- How can an organization like HORATIO ALGER ASSN OF DISTINGUISHED AMERICANS INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 173 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing