For Second Consecutive Year, Financial Inclusion Pioneer Earns Top Charity Rating for Fiscal Management, Accountability and Transparency
Cambridge, MA, August 24, 2015 –Accion’s sound fiscal management practices 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 second consecutive year that Accion has earned this top distinction.
Since 2002, using objective, data-driven 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 have “best practices” that minimize the chance of unethical activities and whether they freely share basic information about their organization with their donors and other stakeholders.
“Accion’s coveted 4-star rating puts it in a very select group of high-performing charities,” according to Tim Gamory, COO of Charity Navigator. “Out of the thousands of nonprofits Charity Navigator evaluates, only one out of four earns 4 stars — a rating that demands rigor, responsibility and commitment to openness. Accion’s supporters should feel much more confident that their hard-earned dollars are being used efficiently and responsibly when it acquires such a high rating.”
“Accion’s work is focused on building well-managed, sustainable, scalable institutions and we work hard to manage Accion with the same discipline. The 4-star Charity Navigator rating demonstrates that we take these responsibilities very seriously. This is critical to achieve our mission to give people the financial tools that they need to improve their lives,” said Accion CEO and President Michael Schlein.
Accion’s rating and other information about charitable giving are available free of charge onwww.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 dedicated to building a financially inclusive world with economic opportunity for all, by giving people the financial tools they need to improve their lives. We are building the next generation of top-tier microfinance institutions, and over more than 50 years have helped build 64 such institutions in 32 countries on four continents that today reach millions of clients. Our impact investing initiatives are pushing beyond microfinance to catalyze more than 20 innovative start-ups dedicated to improving the efficiency, reach and scope of financial services for the poor. And our Center for Financial Inclusion is helping to build a stronger industry with high standards and broad engagement. Currently, our work spans nearly two dozen countries, including the U.S., where we are the nation’s largest nonprofit microfinance network. For further information, visitwww.accion.org.