Education : Scholarship and Financial Support

Thanks USA

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

three stars

89.10

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 89.10 three stars
  Financial 85.12 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 06/01/2020 and includes data from FY2018, 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

three stars

85.12

Accountability & Transparency

four stars

96.00

This rating was published 06/01/2020 and includes data from FY2018, 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)
86.3%
  Administrative Expenses 8.6%
  Fundraising Expenses 4.9%
  Fundraising Efficiency $0.04
  Working Capital Ratio (years) 0.49
  Program Expenses Growth 5.1%
  Liabilities to Assets 28.0%
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.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $950,980
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $401,059
   Related Organizations $0
   Government Grants $9,908
Total Contributions $1,361,947
   Program Service Revenue $0
Total Primary Revenue $1,361,947
   Other Revenue $-115,585
TOTAL REVENUE $1,246,362
   
EXPENSES  
   Program Expenses $1,465,158
   Administrative Expenses $119,192
   Fundraising Expenses $77,014
TOTAL FUNCTIONAL EXPENSES $1,661,364
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-415,002
   
Net Assets $836,349

Charts

Compensation % of Expenses Paid to Title
$126,666 7.62% Jon Rosa President
Other Salaries of Note
$128,750 7.74% Michele Stork Executive Director

Mission

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Thanks USA (VA) 89.10 three stars
Burger King McLamore Foundation (FL) 94.34 four stars
National Medical Fellowships (NY) 88.55 three stars
Point Foundation (CA) 88.10 three stars
Catholic Schools Foundation (MA) 91.50 four stars

Compare These Charities (Highly Rated)

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