ProLiteracy’s supporters should feel much more confident that their hard-earned dollars are being used efficiently and responsibly when it acquires such a high rating.
Syracuse, NY (PRWEB)
September 19, 2017
ProLiteracy has received a 4-star rating from Charity Navigator, America’s largest and most-utilized independent evaluator of charities. This recognition demonstrates ProLiteracy’s deep commitment to nonprofit transparency and accountability.
Since 2002, using objective, data-driven analysis, Charity Navigator has awarded only the most fiscally responsible organizations a 4-star rating. In 2011, Charity Navigator added 17 metrics, focused on governance and ethical practices as well as measures of openness, to its ratings methodology. These “Accountability & Transparency” metrics, which account for 50 percent of a charity’s overall rating, reveal which charities have “best practices” that minimize the chance of unethical activities and whether they freely share basic information about their organization with their donors and other stakeholders.
“ProLiteracy’s coveted 4-star rating puts it in a very select group of high-performing charities,” according to Michael Thatcher, president & CEO of Charity Navigator. “Out of the thousands of nonprofits Charity Navigator evaluates, only one out of four earns 4 stars — a rating that demands rigor, responsibility and commitment to openness. ProLiteracy’s supporters should feel much more confident that their hard-earned dollars are being used efficiently and responsibly when it acquires such a high rating.”
“At ProLiteracy, we believe in transparency with how we are putting your dollars to work. It’s important that our donors trust that we’re using our funding wisely to accomplish our mission,” said Kevin Morgan, president and CEO of ProLiteracy. “Our 4-star Charity Navigator rating demonstrates to our supporters that we take our fiduciary and governance responsibilities very seriously. We share a wealth of up-to-date information about our work to our supporters, grant makers, individual donors, and the media. We make our financial reports freely available. You can see more at proliteracy.org.”