National Merit Scholarship Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 54,927,234 | 61,654,400 | −6,727,166 | 28.5 | 3% |
| 2013 | 53,396,173 | 58,781,453 | −5,385,280 | 33.0 | 4% |
| 2014 | 57,339,402 | 59,890,294 | −2,550,892 | 33.7 | 4% |
| 2015 | 71,560,091 | 64,996,801 | 6,563,290 | 29.6 | 3% |
| 2016 | 50,927,961 | 55,232,517 | −4,304,556 | 31.5 | 4% |
| 2017 | 53,620,269 | 52,947,686 | 672,583 | 35.4 | 5% |
| 2018 | 52,389,974 | 53,384,607 | −994,633 | 35.3 | 5% |
| 2019 | 48,986,860 | 50,965,849 | −1,978,989 | 34.7 | 5% |
| 2020 | 43,963,602 | 50,321,099 | −6,357,497 | 34.6 | 5% |
| 2021 | 50,191,294 | 47,808,900 | 2,382,394 | 45.2 | 6% |
| 2022 | 48,812,350 | 49,690,075 | −877,725 | 36.9 | 5% |
| 2023 | 44,073,587 | 46,689,079 | −2,615,492 | 36.5 | 6% |
| 2024 | 39,117,284 | 46,187,457 | −7,070,173 | 39.3 | 7% |
In its most recent public year (2024), this organization spent $7,070,173 more than it brought in. Its reserves stood at about 39.3 months of spending, up from 28.5 in 2012. Staff pay was 7% of spending. $6,181,297 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
National Merit Scholarship Corporation's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works