Charity Navigator, the nation’s largest and most well-respected nonprofit evaluator, recently awarded Heart of Florida United Way (HFUW) the coveted four-star rating for its ability to efficiently manage and grow its finances.
The four-star designation, Charity Navigator’s highest, is awarded to nonprofits that exceed industry standards in organizational efficiency, revenue growth, administrative expenses and other key areas.
Only 1-in-4 charities earn top rating
“Approximately a quarter of the charities we evaluate have received our highest rating, indicating that Heart of Florida United Way executes its mission in a fiscally responsible way and outperforms most other charities in America,” said Ken Berger, President/CEO of Charity Navigator. “This exceptional designation differentiates Heart of Florida United Way from its peers and demonstrates to the public it is worthy of their trust.”
During the evaluation process, Charity Navigator examined two critical areas of financial health – how responsibly HFUW functions every day, and how well positioned it is to sustain its programs over time. In both categories, the organization was recognized for exceptional management.
In April, United Way announced that its total projected resources for the 2010-11 fiscal year are $27.3 million. The largest portion of that figure, $17,417,112*, was raised during the annual workplace giving campaign, which helps fund local health and human service programs.
Great honor and achievement
“Receiving the four-star designation from Charity Navigator is a great honor and achievement,” said Robert H. (Bob) Brown, HFUW President/CEO. “In today’s competitive marketplace, donors are demanding more accountability and transparency from organizations they support. This rating underscores our long-held belief that United Way is the gold standard for charitable giving.”
To view Charity Navigator’s full report on HFUW, click here.
* Additional funds include federal grants such as Ryan White Part B for HIV/AIDS assistance; the Homelessness Prevention and Rapid Re-housing Program (HPRP); and Emergency Assistance Funds. HFUW also solicits and administers several state and private foundation grants, such as one for crisis counseling services provided by United Way 2-1-1, which is funded through the Florida Department of Children and Families.