Community Foundation Receives 4-Star Charity Status
July 16, 2013, (Syracuse, NY) – The Central New York Community Foundation has been awarded the highest rating for sound fiscal management and commitment to accountability and transparency by Charity Navigator, the country’s largest and most-utilized independent evaluator of charities.
For the second consecutive year, Charity Navigator has awarded the Community Foundation an “exceptional” ranking of four stars out of a possible four, demonstrating adherence to good governance and fiscal responsibility. Only 16 percent of charities have received at least two consecutive four-star evaluations, indicating that the Community Foundation outperforms most other charities in America.
Charity Navigator works to help charitable givers make intelligent giving decisions by providing information on more than five thousand charities nationwide and by evaluating their financial health. It calculates each charity’s score based upon several broad criteria, including how much is spent per dollar raised, what percentage of funds goes to programs vs. administrative and fund-raising expenses, and the organization’s long-term financial health. It then assigns a rating from one to four, with four being the best rating.