For the eighth consecutive year, United Way of Central Iowa has earned Charity Navigator’s four-star rating for sound fiscal management and commitment to accountability and transparency.
Charity Navigator’s highest rating indicates that United Way “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, wrote in a congratulatory letter addressed to United Way President Mary Sellers.
“We are honored to receive this prestigious designation for the eighth year in a row,” said 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 of one percent of the 5,500 charities evaluated that have achieved eight 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 wrote.
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 working capital ratio. It also evaluated the institution in several accountability and transparency performance metrics, giving United Way an overall rating of 62.08 on a scale of 0-70.
To see the complete report by Charity Navigator, please visit: Charity Navigator Rating - United Way of Central Iowa.