Logo for "National Merit Scholarship Corporation"

National Merit Scholarship Corporation

National Merit Scholarship Corporation

Evanston, IL, US
501(c)3
EIN
36-2307745
Regional Funder
Logo for "National Merit Scholarship Corporation"

National Merit Scholarship Corporation

Evanston, IL, US
501(c)3
EIN
36-2307745
Regional Funder

Income Statement

Fiscal Year Start:
Jun 1
Revenues in 2025

$59,091,988

Contributions
51%
Other
41%
Program Services
5%
Investments
4%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025

$44,678,909

Grants
73%
Offices, Occupancy & IT
14%
Salaries & Benefits
10%
Fees to Service Providers
3%
Other
<1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$31,219,930
$29,846,180
-4%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$3,252,931
$3,002,524
-8%
Membership Dues
$0
$0
-
Investments
$2,526,463
$2,084,473
-17%
Other
$2,117,960
$24,158,811
+1041%
Total Revenues
$39,117,284
$59,091,988
+51%
Expenses
2024
2025
Change
Grants
$34,574,629
$32,753,793
-5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,963,751
$4,301,076
+9%
Fees to Service Providers
$1,408,309
$1,117,692
-21%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$5,900,908
$6,139,897
+4%
Interest
$0
$0
-
Depreciation
$67,510
$62,501
-7%
Other
$272,350
$303,950
+12%
Total Expenses
$46,187,457
$44,678,909
-3%
Net income
2024
2025
Change
Net income
-$7,070,173
+$14,413,079
-304%
Functional Expenses
Summary
2024
2025
Change
Program
$41,492,833
$39,921,078
-4%
Admin
$2,717,254
$2,924,623
+8%
Fundraising
$1,977,370
$1,833,208
-7%
Total Expenses
$46,187,457
$44,678,909
-3%
Income Statement
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