NEWS

FBA Earns 4-Star Rating with Charity Navigator

August 14, 2017 1:51 pm

Food Bank of the Albemarle’s strong financial health and commitment to accountability and transparency have earned it a 4-star rating from Charity Navigator, America’s largest independent charity evaluator. This is the sixth consecutive time that Food Bank of the Albemarle has earned this top distinction.

“It’s important our donors trust that we’re using their donations wisely to accomplish our mission of fighting hunger and poverty in northeastern North Carolina,” said Executive Director Liz Reasoner.  “Our 4-star Charity Navigator rating demonstrates to our supporters our good governance and financial accountability.”

Since 2002, using objective 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 operate in accordance with industry best practices and whether they are open with their donors and stakeholders.

On June 1, 2016, Charity Navigator upgraded their methodology for rating each charity’s’ financial health with CN 2.1. These enhancements further substantiates the financial health of our four star charities

“Food Bank of the Albemarle’s exceptional 4-star rating sets it apart from its peers and demonstrates its trustworthiness to the public,” according to Michael Thatcher, President & CEO of Charity Navigator. “Only a quarter of charities rated by Charity Navigator receive the distinction of our 4-star rating. This adds Food Bank of the Albemarle to a preeminent group of charities working to overcome our world’s most pressing challenges. Based on its 4-star rating, people can trust that their donations are going to a financially responsible and ethical charity when they decide to support Food Bank of the Albemarle.”

Food Bank of the Albemarle’s full Charity Navigator report can be found here.   More-detailed information about Food Bank of the Albemarle’s rating is available to Charity Navigator site visitors who become registered users, another free service.

About Charity Navigator

Charity Navigator, www.charitynavigator.org, is the largest charity evaluator in America and its website attracts more visitors than all other charity rating groups combined. The organization helps guide intelligent giving by evaluating the Financial Health and Accountability & Transparency of more than 8,000 charities. Charity Navigator accepts no advertising or donations from the organizations it evaluates, ensuring unbiased evaluations, nor does it charge the public for this trusted data. As a result, Charity Navigator, a 501 (c) (3) public charity itself, depends on support from individuals, corporations and foundations that believe it provides a much-needed service to America’s charitable givers. Charity Navigator, can be reached directly by telephone at (201) 818-1288, or by mail at 139 Harristown Road, Suite 101, Glen Rock, N.J., 07452.

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