The East Texas Food Bank earned a four-star rating from Charity Navigator for the fifth consecutive year.
“In the current economic environment, it’s important our donors trust that we’re using our funding wisely to feed East Texans,” said Dennis Cullinane, executive director of the food bank, in a news release. “Our four-star Charity Navigator rating demonstrates to our supporters that we take our fiduciary and governance responsibilities very seriously.”
Charity Navigator is America’s largest independent charity evaluator. Only 4 percent of the charities rated have received at least five consecutive four-star evaluations.
In 2011, Charity Navigator added a second dimension of Accountability and Transparency to its rating methodology, and now reviews 17 governance and ethical practices as well as measures of openness.
The Accountability and 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.
“Out of the thousands of nonprofits Charity Navigator evaluates, only one out of four earns 4 stars — a rating that, now, with our new Accountability and Transparency metrics, demands even greater rigor, responsibility and commitment to openness,” said Ken Berger, president and CEO of Charity Navigator, in the news release. “The East Texas Food Bank’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.”
Visitwww.charitynavigator.org for more information.