Education
(B820)
IRS Verified
DX Registered
990 on File
NATIONAL MERIT SCHOLARSHIP CORPORATION
CharityAI™ Score
Not yet evaluated
Mission Statement
The mission of National Merit Scholarship Corporation (NMSC) is to recognize and honor the academically talented students of the United States. NMSC accomplishes its mission by conducting nationwide academic scholarship programs. The enduring goals of NMSC's scholarship programs are to promote a wider and deeper respect for learning in general and for exceptionally talented individuals in particular, to shine a spotlight on brilliant students and encourage the pursuit of academic excellence at all levels of education, and to stimulate increased support from organizations that wish to sponsor scholarships for outstanding scholastic talent.
Financial Overview — FY 2025
$59.1M
Total Revenue
$44.7M
Total Expenses
$152.8M
Net Assets
39
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
89.4%
Fundraising Efficiency
N/A
Operating Reserve
41.05x
Liability-to-Asset
4.9%
Revenue Diversification
50.5%
Executive Compensation
$842K
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $59.1M | $44.7M | $152.8M | 89.4% | 39 |
| 2024 | $39.1M | $46.2M | $151.2M | 89.8% | 36 |
| 2023 | $44.1M | $46.7M | $142.1M | 91.8% | 36 |
| 2022 | $48.8M | $49.7M | N/A | — | 36 |
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