4 Stars – and Proud of It!

Posted by alison on September 7th, 2009

It’s with pride, and a virtual bang of the gong (banging on a real gong is the way we celebrate achievements and good news in the GlobalGiving office) that we announce some exciting news:  GlobalGiving has been awarded a 4-star rating by Charity Navigator!

Charity Navigator 4 Star RatingCharity Navigator currently “rates” over 5,000 501(c)3 organizations in the US by examining a charity’s financial health, and then awarding an overall rating – between 0 and 4 stars.  While sometimes criticized for focusing too narrowly on financial ratios that do not evaluate the “big picture” and outcomes of an organization’s work, Charity Navigator remains the most-utilized evaluator of charities, and many donors factor these ratings into their giving decisions.

In 2008, the first time GlobalGiving was eligible to be evaluated (4 years of IRS Form 990s are required to be considered), we scored a respectable 3 stars. This year, based on updated financial information, we were excited to learn that we have earned the 4-star rating based on (in Charity Navigator’s words) “(its) ability to efficiently manage and grow its finances.  Approximately a quarter  of the charities we evaluate have received our highest rating, indicating that GlobalGiving executes its mission in a fiscally responsible way, and outperforms most other charities in America.  This exceptional designation from Charity Navigator differentiates GlobalGiving from its peers and demonstrates to the public it is worthy of their trust.”

GlobalGiving is committed to extremely high standards around accountability, fiscal responsibility, and transparency, and we are proud of what this rating represents.  Especially during these tough economic times, we know that donors are giving extra thought to how they spend their donation dollars – and we hope this external validation gives them even greater confidence that they are making smart choices when they give to a project on GlobalGiving.

We appreciate your continued support!

Tags: , , , , , , , ,

Comments are closed.