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Education : Scholarship and Financial Support

Thanks USA

Need-based scholarships and career assistance for dependents of active-duty U.S. military service members.

two stars

76.45

1390 Chain Bridge Road Suite 260
McLean, VA 22101
tel: (888) 849-8720   Web Site
EIN: 20-3973151

Board Leadership
B. Robert Okun
Chairman of the Board

CEO
Jon Rosa
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 76.45 two stars
  Financial 75.00 two stars
  Accountability & Transparency 78.00 two stars
This rating was published 07/01/2021 and includes data from FY2019, the most recent 990 received at that time.

ThanksUSA "thanks" the men and women of the United States armed forces by awarding need-based college, technical and vocational school scholarships for their children and spouses. Since 2006, we have awarded more than 4,500 scholarships.

ThanksUSA "thanks" the men and women of the United States armed forces by awarding need-based college, technical and vocational school scholarships for their children and spouses. Since 2006, we have awarded more than 4,500 scholarships.

Impact & Results Score

Score
100/100
Program Name: Scholarship Program
Program Name: Scholarship Program

Note: The Impact & Results score currently has no effect on the nonprofit's Star Rating.

The Impact & Results score is a measure of how well a nonprofit delivers on its stated mission. To issue a score, Charity Navigator estimates the actual impact the nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact. Learn more about our Impact & Results methodology here.

Program Activities
Thanks Usa grants scholarships to beneficiaries.
Impact Statement
$4,200 increases income for a scholarship recipient in need by $7,300.
Assessment Benchmark
Impact & Results scores of postsecondary scholarship programs are based on income generated relative to cost. Programs receive an Impact & Results score of 100 if they increase income for a recipient by more than $1.50 for every $1 spent and a score of 75 if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the threshold for cost-effectiveness, it earns a score of 50.
Methodology
ImpactMatters analyzed publicly available data to rate the cost-effectiveness of Thanks USA.
Data Source
Output data collected during the program. Thanks Usa publicly reports data on the dollar value of all scholarships it grants and the number of scholarship recipients, which we use to calculate the additional income that the nonprofit's scholarship program generates.
Method for Attributing Outcomes
We estimate the increase in income caused by a nonprofit's scholarship program in two steps. First, we compare the estimated postsecondary graduation rate of its scholars to that of comparable students who did not receive a scholarship (the “counterfactual”). Our estimates are drawn from rigorous social science studies of similar scholarship programs. The result is the number of scholars whose graduation was caused by the nonprofit. Second, we compare the earnings of graduates to non-graduates based on publicly available census data, matching on student demographic characteristics. We apply the earnings boost owing to a degree to those scholars whose graduation was caused by the nonprofit. Both steps are necessary to properly net out counterfactual successes from observed successes. Otherwise, we would be attributing changes (increase in graduation rate and increase in earnings) to the nonprofit when they would have happened anyway. Few nonprofits estimate the counterfactual themselves, so we construct our own counterfactual estimate based on research and publicly available data.
Details
Analysis conducted by ImpactMatters and published on November 22, 2019.
This impact information is current as of September 2020, when it was provided to us by ImpactMatters. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

two stars

75.00

Accountability & Transparency

two stars

78.00

This rating was published 07/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
87.5%
  Administrative Expenses 7.2%
  Fundraising Expenses 5.1%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 0.10
  Program Expenses Growth -3.4%
  Liabilities to Assets 78.7%
All data for Financial Performance Metrics calculations was provided by Thanks USA on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Thanks USA on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Thanks USA (VA) 76.45 two stars
The Albert Baker Fund (CA) 85.51 three stars
Sentinels of Freedom Scholarship Foundation (CA) 85.81 three stars
The Francis Ouimet Scholarship Fund (MA) 91.74 four stars
Point Foundation (CA) 88.10 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $439,570
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $311,517
   Related Organizations $0
   Government Grants $86,404
Total Contributions $837,491
   Program Service Revenue $0
Total Primary Revenue $837,491
   Other Revenue $-179,027
TOTAL REVENUE $658,464
   
EXPENSES  
   Program Expenses $1,197,105
   Administrative Expenses $100,328
   Fundraising Expenses $75,600
TOTAL FUNCTIONAL EXPENSES $1,373,033
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-714,569
   
Net Assets $167,728

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarships $1,197,105 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 07/01/2021 76.45 two stars
2018-12 06/01/2020 89.10 three stars
2018-12 05/01/2020 88.37 three stars
2017-12 04/01/2019 94.64 four stars
2016-12 06/01/2018 89.39 three stars
2015-12 06/01/2017 87.62 three stars
2014-12 06/01/2016 88.30 three stars
 
CN 2.0
2013-12 08/01/2015 85.68 three stars
2012-12 05/01/2014 90.51 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 20-3973151
Name in IRS Master File THANKS USA
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date January, 2006
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$190,000 13.83% Jon Rosa President
Other Salaries of Note
$38,843 2.82% Michele Stork Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Thanks USA (VA) 76.45 two stars
Great Aspirations Scholarship Program (GRASP) (VA) 100.00 four stars
Take Stock in Children (FL) 90.07 four stars
Thurgood Marshall College Fund (DC) 90.38 four stars
Sentinels of Freedom Scholarship Foundation (CA) 85.81 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Thanks USA
1390 Chain Bridge Road
Suite 260
McLean, VA 22101
tel: (888) 849-8720
EIN: 20-3973151

Visit Web Site

Board Leadership

B. Robert Okun
Chairman of the Board

CEO

Jon Rosa
President & CEO

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