Thanks Usa
Thanks Usa faces declining revenue and consistent deficits, raising sustainability concerns.
EIN: 203973151 · Mclean, VA · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $939K |
| Total Expenses | $1.4M |
| Program Spending | 75% |
| Net Assets | $168K |
| Transparency Score | 55/100 |
Is Thanks Usa Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thanks Usa directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thanks Usa
Thanks Usa (EIN: 203973151) is a nonprofit organization based in Mclean, VA, classified under NTEE code B82. The organization reported total revenue of $939K and total assets of $789K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thanks Usa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thanks Usa is a small nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -14.8%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $658K |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-714,569 |
| Total Assets | $789K |
| Total Liabilities | $622K |
| Net Assets | $168K |
| Operating Margin | -108.5% |
| Debt-to-Asset Ratio | 78.8% |
| Months of Reserves | 6.9 months |
Financial Health Grade: C
In 2019, Thanks Usa reported a deficit of $715K with expenses exceeding revenue, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 78.8% (high leverage).
Financial Trends
Over 9 years of filings (2011–2019), Thanks Usa's revenue has declined at a compound annual growth rate (CAGR) of -14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -47.2% | -17.4% | -32.1% |
| 2018 | -34.5% | -9.6% | -29.7% |
| 2017 | +4.0% | +15.5% | +10.0% |
| 2016 | +20.9% | +11.6% | -3.1% |
| 2015 | +7.7% | +1.2% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Thanks Usa with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Thanks Usa allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $715K, with expenses exceeding revenue.
- Debt-to-asset ratio: 78.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not receiving salaries from the organization, which is a positive sign for donor confidence and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Thanks Usa's IRS 990 filings:
- Significant and consistent decline in revenue from $2,361,429 in 2011 to $658,464 in 2019.
- Expenses frequently exceeding revenue, leading to operating deficits (e.g., 2019: Expenses $1,373,033 vs. Revenue $658,464).
- Decreasing asset base from $2,200,869 in 2011 to $789,410 in 2019, indicating erosion of financial reserves.
- Liabilities ($621,682 in 2019) represent a substantial portion of current assets ($789,410), indicating potential liquidity challenges.
Strengths
The following positive indicators were identified for Thanks Usa:
- 0% officer compensation reported across all filings, indicating strong commitment to mission and efficient use of funds at the leadership level.
Frequently Asked Questions about Thanks Usa
Is Thanks Usa a legitimate charity?
Thanks Usa (EIN: 203973151) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 55/100. It has 9 years of IRS 990 filings on record. Total revenue: $939K. 4 red flags identified. 1 strength noted. Financial health grade: C.
How does Thanks Usa spend its money?
Thanks Usa directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Thanks Usa tax-deductible?
Thanks Usa is registered as a tax-exempt nonprofit (EIN: 203973151). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Thanks Usa's spending goes to programs?
Thanks Usa directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Thanks Usa compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Thanks Usa is near average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Thanks Usa located?
Thanks Usa is headquartered in Mclean, Virginia and files with the IRS under EIN 203973151. It is classified under NTEE code B82.
How many years of IRS 990 filings does Thanks Usa have?
Thanks Usa has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $939K in total revenue.
Is Thanks Usa a good charity?
Thanks Usa demonstrates a commitment to its mission by not paying officer compensation. However, its financial stability is a concern due to declining revenues and consistent deficits, making it difficult to assess its long-term effectiveness without more detailed expense breakdowns.
What caused the significant decline in revenue since 2011?
The provided data does not specify the reasons for the revenue decline from $2,361,429 in 2011 to $658,464 in 2019. Further investigation into their fundraising strategies and donor base would be necessary.
How does Thanks Usa plan to address its consistent operating deficits?
The filings show that expenses have frequently exceeded revenue, such as in 2019 where expenses were $1,373,033 against revenues of $658,464. The organization's strategy to return to financial solvency is not detailed in the provided data.
Filing History
IRS 990 filing history for Thanks Usa showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Thanks Usa's revenue has declined by 72.1%, moving from $2.4M to $658K. Total assets decreased by 64.1% over the same period, from $2.2M to $789K. Total functional expenses fell by 19.1%, from $1.7M to $1.4M. In its most recent filing year (2019), Thanks Usa reported a deficit of $715K, with expenses exceeding revenue. The organization holds $622K in liabilities against $789K in assets (debt-to-asset ratio: 78.8%), resulting in net assets of $168K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $658K | $1.4M | $789K | $622K | — | View 990 |
| 2018 | $1.2M | $1.7M | $1.2M | $326K | — | View 990 |
| 2017 | $1.9M | $1.8M | $1.7M | $307K | — | View 990 |
| 2016 | $1.8M | $1.6M | $1.5M | $179K | — | View 990 |
| 2015 | $1.5M | $1.4M | $1.6M | $459K | — | View 990 |
| 2014 | $1.4M | $1.4M | $1.5M | $503K | — | View 990 |
| 2013 | $1.1M | $1.5M | $1.5M | $486K | — | View 990 |
| 2012 | $1.4M | $1.6M | $2.0M | $553K | — | View 990 |
| 2011 | $2.4M | $1.7M | $2.2M | $536K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $658K, expenses of $1.4M, and assets of $789K (revenue -47.2% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.7M, and assets of $1.2M (revenue -34.5% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.8M, and assets of $1.7M (revenue +4.0% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.6M, and assets of $1.5M (revenue +20.9% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $1.6M (revenue +7.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $1.5M (revenue +26.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.5M, and assets of $1.5M (revenue -21.7% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.6M, and assets of $2.0M (revenue -39.9% year-over-year).
- 2011: Revenue of $2.4M, expenses of $1.7M, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thanks Usa:
Data Sources and Methodology
This transparency report for Thanks Usa is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.