Impact: $2,400 increases income for a scholarship recipient in need by $3,800. Read More
Scholarship Program meets the benchmark for high cost-effectiveness. The nonprofit increases income for a scholarship recipient by more than $1.50 for every $1 spent.
Note: The impact of this program may not be representative of the entire operation of Turbo Charitable Foundation.
Governance: Passes checks
To provide financial aid to children who are experiencing economic challenges during their academic development. To support new generation and to contribute to the society and development of leadership.
Rancho Palos Verdes, CA
Rancho Palos Verdes, CA
Turbo Charitable Foundation grants scholarships to beneficiaries.
People living in poverty
Rancho Palos Verdes, CA
Outcomes: Changes in people's lives. They can be caused by a nonprofit.
Costs: The money spent by nonprofits and their partners and beneficiaries.
Impact: The cost to achieve an outcome.
Cost-effectiveness: A judgment as to whether the cost was "worth" the outcome.
Increase in income for a scholarship recipient
To calculate impact, we estimate how many outcomes the nonprofit caused.
Output data collected during the program. Turbo Charitable Foundation 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.
Jan. 1, 2017, to Dec. 31, 2017
Ratings are based on data the nonprofit itself collects on its work. We use the most recent year with sufficient data. Typically, this data allows us to calculate direct changes in participants' lives, such as increased income.
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.
We don't know if the observed changes were caused by the nonprofit's program or something else happening at the same time (e.g. a participant got a raise). To determine causation, we take the outcomes we observe and subtract an estimate of the outcomes that would have happened even without the program (i.e. counterfactual outcomes).
Cost data reported by Turbo Charitable Foundation and data and assumptions about partner and beneficiary costs.
$36,400 program costs + $3,965 partner costs + $3,965 beneficiary costs = $44,330 total costs
After estimating the program's outcomes, we need to determine how much it cost to achieve those outcomes. All monetary costs are counted, whether they are borne by a nonprofit service deliverer or by the nonprofit’s public and private partners. In-kind donations, of labor or supplies, are not counted.
$44,330 total costs / $69,441 additional income = roughly $2000 increases income for a scholarship recipient in need by $4000.
Numbers may not divide precisely due to rounding and time discounting.
We calculate impact, defined as the change in outcomes attributable to a program divided by the cost to achieve those outcomes.
Impact ratings of postsecondary scholarship programs are based on income generated relative to cost. Programs receive 5 stars if they increase income for a recipient by more than $1.50 for every $1 spent and 4 stars if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the benchmark for cost-effectiveness, it earns 3 stars.
The nonprofit increases income for a scholarship recipient by more than $1.50 for every $1 spent.
We assign a rating to the nonprofit using the rubric:
There are indications of governance or financial health issues at the nonprofit.
After being given an opportunity, the nonprofit chose not to publish impact information.
We are not yet issuing this level of star rating.
The rated program does not meet our benchmark for cost-effectiveness.
The rated program is cost-effective.
The rated program is highly cost-effective.
Not provided. This may be because we lacked contact information for Turbo Charitable Foundation or it chose not to comment. If you are a representative of this nonprofit, contact us to review and comment on your rating.
Before publishing, we ask every nonprofit we can to review our work, offer corrections and provide a comment.
Analysis conducted by ImpactMatters and published on November 22, 2019.
An ImpactMatters analyst searched the Form 990s, annual reports, audited financials and the website of Turbo Charitable Foundation to calculate impact and rate cost-effectiveness. A second analyst conducted quality control.
Turbo Charitable Foundation passes our governance check.
Overhead spending is reasonable (<35% of total spending)
Charity Navigator has not issued a fraud or mismanagement advisory
Turbo Charitable Foundation itself has not reported any material diversions of assets
Turbo Charitable Foundation itself has not reported any excess benefit transactions
Source: Turbo Charitable Foundation Form 990 and Charity Navigator
This rating is based on ImpactMatters analysis of the impact of Scholarship Program relative to costs. Impact is the change in the social outcomes of people served by the program, net of the change that would have happened even without the program (the “counterfactual”); divided by cost. Learn more.
A guide to our process for analyzing nonprofits and assigning ratings.
Learn about best practices for reporting impact for different program types.
Our collected guidelines on how we analyze impact of nonprofit programs.
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$2,400 increases income for a scholarship recipient in need by $3,800.