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Scholarship America's Ratings

For the fifth straight year,
Scholarship America has received
a four-star overallcharity rating from
Charity Navigator-the highest possible.

SCHOLARSHIP AMERICA'S RATINGS

OVERALL

****

69.55 (of 70)

ORGANIZATIONAL EFFICIENCY	********	39.55 (of 40)
Program Expenses	95.5%
Administration Expenses	2.9%
Fundraising Expenses	1.5%
Fundraising Efficiency	$0.02
ORGANIZATIONAL CAPACITY	********	30 (of 30)
Primary Revenue Growth	18.0%
Program Expense Growth	21.5%
Working Capital Ratio (Years)	1.67

PEER COMPARISONS

SCHOLARSHIP AMERICA	********	69.55
American Indian College Fund	*******	53.73
Hispanic Scholarship Fund	********	65.09
Minnesota Medical Foundation	*******	57.45
United Negro College Fund	********	55.63

FROM THE EXECUTIVE DIRECTOR OF CHARITY NAVIGATOR

"Fewer than 12% of the charities we've rated have received at least two consecutive four-star evaluations," said Charity Navigator executive Director Trent Stamp, announcing Scholarship America's fifth straight year of four-stars achievement. "Scholarship America outperfomrs most charities in America in its efforts to operate in the most fiscally responsible way possible. this "exceptional" rating from Charity Navigator differentiates Scholarship America from its peers and proves that it's worthy of the public's trust."

ABOUT THE RATINGS SYSTEM

Charity Navigator's ratings measure the overall finacial health of charity's overall score, on a scale of 0 to 70, is derived by adding its Organizational Efficiency and Organizational Capacity scores.