CAMBRIDGE, Mass., July 18, 2017 — Accion’s strong financial health and commitment to accountability and transparency have earned it a 4-star rating from Charity Navigator, America’s largest independent charity evaluator. This is the fourth consecutive time that Accion has earned this top distinction.
“Accion’s fourth consecutive 4-star rating sets it apart from its peers and demonstrates its trustworthiness to the public,” according to Michael Thatcher, President and CEO of Charity Navigator. “Only 11% of charities rated by Charity Navigator receive the distinction of having four consecutive 4-star ratings. This adds Accion to a preeminent group of charities working to overcome our world’s most pressing challenges. Based on this distinction, people can trust that their donations are going to a financially responsible and ethical charity when they decide to support Accion.”
Since 2002, using objective analysis, Charity Navigator has awarded only the most fiscally responsible organizations a 4-star rating. In 2011, Charity Navigator added 17 metrics, focused on governance and ethical practices as well as measures of openness, to its ratings methodology. These Accountability & Transparency metrics, which account for 50 percent of a charity’s overall rating, reveal which charities operate in accordance with industry best practices and whether they are open with their donors and stakeholders. On June 1, 2016, Charity Navigator upgraded its methodology for rating each charity’s financial health with “Charity Navigator 2.1” to further substantiate the financial health of its four star charities.
“We’re honored to be recognized by Charity Navigator with its top rating for the fourth consecutive year,” said Accion CEO and President Michael Schlein. “It underscores our commitment to building an effective and high-performing organization that’s capable of building a financially inclusive world.”
Accion’s rating and other information about charitable giving are available free of charge on www.charitynavigator.org. More detailed information about Accion’s rating is available to Charity Navigator site visitors who become registered users, another free service.
Accion is a global nonprofit committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing. We catalyze financial service providers to deliver high-quality, affordable solutions at scale for the three billion people who are left out of – or poorly served by – the financial sector. For more than 50 years, Accion has helped tens of millions of people through its work with more than 90 partners in 40 countries. More at http://www.accion.org.
About Charity Navigator
Charity Navigator,www.charitynavigator.org, is the largest charity evaluator in America and its website attracts more visitors than all other charity rating groups combined. The organization helps guide intelligent giving by evaluating the Financial Health and Accountability & Transparency of more than 8,000 charities. Charity Navigator accepts no advertising or donations from the organizations it evaluates, ensuring unbiased evaluations, nor does it charge the public for this trusted data. As a result, Charity Navigator, a 501 (c) (3) public charity itself, depends on support from individuals, corporations and foundations that believe it provides a much-needed service to America’s charitable givers. Charity Navigator, can be reached directly by telephone at (201) 818-1288, or by mail at 139 Harristown Road, Suite 101, Glen Rock, N.J., 07452.