Nonprofit screen
Screen a listNational Merit Scholarship Corporation
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- Registered
- Charity type
- 509(a)(1)
$59Mrevenue
FY2025 · +21% in 3 yrs39staff
8 of 8years filed
’18’19’20’21’22’23’24’25
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2025
Operating margin24.4%
Months of reserve1.6mo
Revenue growth (annualized)+1.2%
Middle half of peersMedianNational Merit Scholarship
Where the money goes FY2025 · $45M spent
Programs$40M89%Management and general$2.9M7%Fundraising$1.8M4%990 FY2025 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$2.6M in FY2023 and −$7.1M in FY2024. Cash covers 1.6 months, under the peer median of 3.3.
990 Part I and balance sheetIn its favor2
Strong governance
18 of 19 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIFunders stay
32 of the 40 funders that gave before FY2021 are still giving.
Funders’ 990-PF grant lists73funders
$3.9Ma year, last 3 years
17%from its largest funder
Funder’17’18’19’20’21’22’23State Farm Companies FoundationOn and off$1.8M$2.0MAdp FoundationEvery year since FY2017$307k$313k$321k$306k$310k$316k$301kLiberty Mutual Scholarship Fdn Ttee Xxx5480Since FY2020$324k$335k$460k$521kSiemens FoundationSince FY2021$323k$306k$285kIllinois Tool Works FoundationStopped after FY2022$222k$193k$187k–The University of Georgia FoundationEvery year since FY2017$63k$63k$76k$101k$99k$90k$84kDonor-advised giftsDonors not disclosed$74k$63k$66k$119k$109k$389k$412k47 other fundersUp to $416k a year each$406k$422k$614k$2.1M$1.8M$1.5M$1.7M
FundedThrough a donor-advised fundStopped