Cambridge, MA, May 12, 2016 – 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 third consecutive time that Accion has earned this top distinction in the last three years.
Since 2002, Charity Navigator has used objective, data-driven analysis to award a 4-star rating only the most fiscally responsible organizations. In 2011, Charity Navigator added to its ratings methodology 17 metrics focusing on governance and ethical practices, as well as measures of openness. These metrics account for 50 percent of a charity’s overall rating and reveal which charities have best practices that minimize the chance of unethical activities and share basic information about their organization with their donors and other stakeholders.
“We are thrilled and proud to receive Charity Navigator’s top rating for the third year in a row. It means a great deal to our staff, our Board and to our donors,” said Accion CEO and President Michael Schlein.
“Accion’s coveted 4-star rating puts it in a very select group of high-performing charities,” according to Michael Thatcher, President and CEO 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 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 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 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 65 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, visit 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.