Boys & Girls Clubs of Cleveland’s sound fiscal management practices 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 fourth consecutive time that BGCC has earned this top distinction. According to Charity Navigator, only 9 percent of the nonprofits it evaluates earn the top ranking for at least four straight years.
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.
“Boys & Girls Clubs of Cleveland’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. BGCC’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.”
BGCC President Ron Soeder said, “It’s important our donors trust that we’re using our funding wisely to accomplish the Boys & Girls Clubs of Cleveland’s mission. Our 4-star Charity Navigator rating demonstrates to our supporters that we take our fiduciary and governance responsibilities very seriously.”
BGCC’s rating and other information about charitable giving are available free of charge here.