Foundation's fiscal health is top-rated by leading U.S. evaluator
Posted by Lindsey Cancino
Charity Navigator, a leading evaluator of public charities, has awarded The Rotary Foundation its top rating of four stars.
By Vukoni Lupa-Lasaga
Rotary International News
31 July 2006
Established to help individuals make intelligent giving choices, the nonprofit Charity Navigator provides free ratings of tax-exempt charities based in the United States that receive substantial public support (more than $500,000).
Charity Navigator also considers length of operation and program type before including an organization on its master list for evaluation. Currently, Charity Navigator evaluates the organizational efficiency, organizational capacity, and overall financial health of more than 5,000 charities.
"Less than a quarter of the charities we evaluate have received our highest rating, indicating that The Rotary Foundation of Rotary International outperforms the majority of nonprofits in America with respect to fiscal responsibility," says Trent Stamp, executive director of Charity Navigator, in the letter announcing RI's four-star rating.
A four-star rating indicates an exceptional financial performance; a three-star rating signifies a good financial performance; a two-star indicates a need for improvement; and a one-star denotes a poor performance. A rated organization not awarded any stars is considered exceptionally poor.
An organization's overall rating stems from its overall score from seven performance categories. For each category, an organization can receive a score from 0 to 10. The overall score of a four-star charity ranges from 60 to 70. An organization is awarded no stars if its overall score is less than 25. The Foundation received an overall score of 60.92.
Learn more about the ratings at http://www.charitynavigator.org.
This article is © 2005 Rotary International and is provided for the non-profit use of Rotarians worldwide; commercial use is prohibited. The article may be quoted, excerpted or used in its entirety, but the information should not be changed or modified in any way. Read more information in the RI copyright notice
31 July 2006
Established to help individuals make intelligent giving choices, the nonprofit Charity Navigator provides free ratings of tax-exempt charities based in the United States that receive substantial public support (more than $500,000).
Charity Navigator also considers length of operation and program type before including an organization on its master list for evaluation. Currently, Charity Navigator evaluates the organizational efficiency, organizational capacity, and overall financial health of more than 5,000 charities.
"Less than a quarter of the charities we evaluate have received our highest rating, indicating that The Rotary Foundation of Rotary International outperforms the majority of nonprofits in America with respect to fiscal responsibility," says Trent Stamp, executive director of Charity Navigator, in the letter announcing RI's four-star rating.
A four-star rating indicates an exceptional financial performance; a three-star rating signifies a good financial performance; a two-star indicates a need for improvement; and a one-star denotes a poor performance. A rated organization not awarded any stars is considered exceptionally poor.
An organization's overall rating stems from its overall score from seven performance categories. For each category, an organization can receive a score from 0 to 10. The overall score of a four-star charity ranges from 60 to 70. An organization is awarded no stars if its overall score is less than 25. The Foundation received an overall score of 60.92.
Learn more about the ratings at http://www.charitynavigator.org.
This article is © 2005 Rotary International and is provided for the non-profit use of Rotarians worldwide; commercial use is prohibited. The article may be quoted, excerpted or used in its entirety, but the information should not be changed or modified in any way. Read more information in the RI copyright notice
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