LOUISVILLE, Ky., May 14, 2024
/PRNewswire/ -- USA Cares, a
leading nonprofit organization dedicated to assisting military
families in crisis, proudly announces a significant achievement in
its financial stewardship and operational efficiency. The
organization's functional allocation percentage has soared to an
impressive 88.78%, a figure that not only underscores its
commitment to directing resources to those in need but also sets a
new benchmark for fiscal responsibility within the nonprofit
sector.
"This achievement is a testament to the hard work of our team
and the generosity of our donors, who trust us to use their
contributions to make a real difference in the lives of those who
have served our country," said Trace
Chesser, President and CEO of USA Cares.
This noteworthy accomplishment places USA Cares at the forefront of veteran support
organizations, surpassing the guidelines set by the Better Business
Bureau's Wise Giving Alliance, which recommends a minimum of 65% of
total expenses be allocated to program expenses. Furthermore,
Charity Navigator, a trusted evaluator of charitable organizations,
awards full credit to organizations that direct 70% or more of
their total expenses to program activities. USA Cares' exceptional functional allocation
percentage of 88.78% highlights its dedication to maximizing the
impact of every dollar donated, ensuring the majority of its
resources are devoted to providing financial and advocacy support
to military families facing hardship.
In comparison to 2022 program expense ratios for some notable
veteran nonprofits as listed on Charity Navigator's website,
USA Cares leads the way with
efficiency and impact. While organizations like the Wounded Warrior
Project (71.31%), the Bob Woodruff Foundation (84.95%), Operation
Homefront (84.88%), the Gary Sinise Foundation (83.16%), and the
USO (71.00%) demonstrated their commitment to supporting veterans,
USA Cares' latest milestone of
88.78% places it among the top tier of veteran support
organizations in terms of financial efficiency.
About USA Cares
USA Cares is a 501(c)(3)
national nonprofit headquartered in Louisville, Kentucky. USA
Cares' mission is to provide post-9/11 military veterans, service
members, and their families with financial assistance and post
service skills training to create a foundation for long-term
stability. Their services improve the quality of life for veterans
and their families and reduce potential factors that can contribute
to veteran suicide.
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SOURCE USA Cares