Donate for Hurricane Milton & Helene Relief
Donate for Hurricane Milton & Helene Relief
Oct 10, 2024
Forecasters predicted an active 2024 Atlantic hurricane season.
Forecasters predicted an active 2024 Atlantic hurricane season.
Top-Rated Charity
Website
View similar charities
Ratings & Metrics
Governance & Transparency
CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Top Salaries
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Richard Walden | President/CEO | $176,486 |
|
1 Name: Richard Walden Title: President/CEO Compensation: $176,486 |
Analysts' Notes
CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
According to the Operation USA audited Statement of Activities for the fiscal year ended June 30, 2021, Operation USA received in-kind donations on which it placed a total value of $4,868,097. Of this amount, $4,508,097 consisted of donated emergency medical equipment and supplies, according to the Operation USA tax filing for the fiscal year ended June 30, 2021 (IRS Form 990, Schedule M). [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the Operation USA audit of June 30, 2021 (Note 9, PPP Loan and Subsequent Event): "On April 6, 2021, the Organization received loan proceeds in the amount of $75,700 under the Paycheck Protection Program ('PPP'). The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act ('CARES Act'), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after twenty-four weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the twenty-four-week period. The unforgiven portion of the PPP loan is payable over two years at an interest rate of 1%, with a deferral of payments for the first six months. "On October 20, 2021, the Company received notice from the Small Business Administration that its entire PPP loan amount was forgiven. Furthermore, according to the Organization's PPP loan forgiveness application, all allowable costs were incurred during the covered period April 6, 2021 to May 31, 2021. Therefore...the entire amount of the Organization's PPP funds, $75,700, was recognized as grant revenues in the [audited] statement of activities for the year ended June 30, 2021." |
According to the Operation USA audit of June 30, 2021 (Note 2 re: Risks and Uncertainties): "Conditions created by the COVID-19 environment could contribute to short-term financial challenges that adversely affect the Organization's cash flows. Specifically, there is the potential for reductions in institutional grants and private donations if program activities are forced to be significantly curtailed due to government mandated shutdowns. The Organization's Board of Directors has discussed these risks and uncertainties and has formulated alternative strategic plans to mitigate the effects of these concerns." |