Charity Navigator is the U.S. individual charity evaluator that rates the financial health, accountability as well as transparency of charities. Furthermore, It utilizes its understanding to develop an impartial, objective, numbers-form category system to assess over 8,000 American charities. Charity Navigator’s grading policy examines two broad areas of a charity’s execution i.e. Financial Health & Accountability and clarity. Furthermore, it is planning to rate charities reporting of their results. It offers these rating so that charitable social investors can make intelligent giving decisions and that the non-profit sector can better its execution.
Charity navigator was launched in spring 2001 by john p. (path) Dugan, a wealthy pharmaceutical executive and philanthropist. The service is free as well as the site is navigable by charity name, discover or kind of activity. Charity Navigator is a 501(c)(3) organization that accepts no advertising or donations from the cooperation it evaluates.
In 2006 Time magazine named it in one of the 50 top websites of the year. Kiplinger’s Personal Finance choose Charity Navigator as a Money Management Innovation in 2011 for “helping millions of people become philanthropists”, depositing it in the same category as Mint.com, TurboTax as well as Mobile Banking Apps.
In a September 15, 2014 Chronicle of Philanthropy interview on the non-profit sector, Nicholas Kristof identified Charity Navigator with a tendency he abhor. “There is too much prominence on inputs and not enough on impact,” Kristof said. “This has been aggravated by an attempt to produce more accountability through sites like Charity Navigator. There is so much prominence now on expense ratios that there is an under investment in administration and efficiency.”
Above all, Charity Navigator never covered charities that claim to have no fundraising expenditures. Moreover, it only rates the 6% of charity cooperation in the United States that have over $1 million in yearly revenue (these 6% get 94% of the income that come into the nonprofit sector each year). Also, they argue that these charities have better expertise for reporting to the IRS, are under larger public survey and therefore their reporting tends to be more accurate.
As of December 2007, Charity Navigator would advocate donors bear covers that meet six criteria:
On its 2014 Form 990, Charity Navigator reported the salary of CEO Ken Berger as $160,644.
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