United Way earns Charity Navigator Four-Star Rating
United Way of Central Iowa has earned its 10th consecutive four-star rating from Charity Navigator, the nation’s largest independent evaluator of charities and nonprofit organizations.
Charity Navigator’s four-star rating recognizes United Way’s sound fiscal management and commitment to accountability and transparency.
“Receiving four out of a possible four stars indicates that your organization adheres to good governance and other best practices that minimize the chance of unethical activities and consistently executes its mission in a fiscally responsible way,” Ken Berger, president and CEO of Charity Navigator, writes in a congratulatory letter addressed to United Way President Mary Sellers.
Charity Navigator evaluates nonprofits on a 100-point scale. United Way of Central Iowa earned a composite score of 93.24, including a 90.44 score for finances and a perfect 100 score for accountability and transparency.
“We are honored to receive this prestigious designation for the 10th year in a row,” says Sellers. “Our community deserves accountability, and I am very pleased that we are recognized for consistently operating with sound financials and strong volunteer governance.”
In achieving the ranking, United Way joins a select group: only 1 percent of the more than 7,000 charities evaluated that have achieved 10 consecutive four-star evaluations.
“This exceptional designation from Charity Navigator differentiates United Way of Central Iowa from its peers and demonstrates to the public it is worthy of their trust,” Berger writes.
Forbes, Business Week, and Kiplinger’s Financial Magazine have all profiled Charity Navigator’s unique method of applying data-driven analysis to the charitable sector.
Based on information provided in IRS form 990, Charity Navigator analyzed United Way’s performance in seven financial metrics: program expenses, administrative expenses, fundraising expenses, fundraising efficiency, primary revenue growth, program expenses growth and financial capacity. It also evaluated the institution in several accountability and transparency performance metrics.
To see the complete report by Charity Navigator, please visit: Charity Navigator Rating - United Way of Central Iowa.
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