An independent analyst for nonprofit organizations has given Convoy of Hope its highest rating for the seventh year in a row.
The Springfield-based charity got a four-star rating from Charity Navigator, a New Jersey-based organization that evaluates charities' financial documents to assess nonprofit organizations' financial health.
Charity Navigator gives ratings ranging from zero to four stars, with four stars being the highest rating. Only 2 percent of charities have received the four-star rating every year since the group began in 2001, according to a Convoy news release.
"Based on their independent analysis, we have achieved top tier financial ratios based on the charity industry," Convoy CFO Mark Metzger said in the release. "This is a rating our senior management team takes seriously as it reflects our internal commitment to both our board and donors of being a fiscally accountable, transparent and efficient charity."
According to its Web site, www.charitynavigator.org
, the rating system looks at both day-to-day function and long-term financial position.
"Convoy of Hope consistently executes its mission in a fiscally responsible way, and outperforms most other charities in America," Ken Berger, president of Charity Navigator, wrote in a letter to Convoy of Hope, according to the release. "This exceptional designation ... differentiates Convoy of Hope from its peers and demonstrates to the public it is worthy of their trust."[[In-content Ad]]