Charity Navigator, America’s largest and most-utilized independent charity evaluator, has awarded United Way of Greater Toledo another 4-star rating – its highest rating – for sound financial management and commitment to accountability and transparency.
Charity Navigator’s new two-dimensional rating system now measures each charity's accountability and transparency in addition to the traditional financial health measurement. With the bar set higher this year, the total number of 4 star-rated charities decreased by 20 percent.
“This rating is more meaningful than it ever has been,” said Bill Kitson, United Way of Greater Toledo president & CEO. “Adding accountability and transparency to the evaluation process is an even greater validation of our commitment and accountability to this community.”
Approximately a quarter of charities evaluated have received a 4-star rating, indicating United Way of Greater Toledo outperforms most other charities in America. United Way is one of only 28 Ohio charities ranked 4 stars.
“Our work obviously can’t be done without our loyal donors, and our donors must be able to trust their contributions are being used wisely and responsibly,” Kitson continued. “This rating only reinforces that trust.”
According to the organization, “Charity Navigator reserves its 4-star rating for organizations that adhere to good governance and other best practices which minimize the chance of unethical activities and consistently executes its mission in a fiscally responsible way.”
United Way of Greater Toledo serves Lucas, Wood, and Ottawa counties. To learn more about the difference United Way is making in your community, visit www.unitedwaytoledo.org.