BELL Earns 4-Star Rating on Charity Navigator
December 1, 2012 - BOSTON - Charity Navigator, America's largest and most-utilized independent evaluator of charities, has awarded BELL (Building Educated Leaders for Life) the prestigious 4-star rating for good governance, sound fiscal management and commitment to accountability and transparency.
"BELL has always been a data-driven organization," explains Tony Battaglia, BELL's Chief Operating Officer. "Charity Navigator's four-star rating demonstrates that we pay as much attention to our financial metrics as we do our impact metrics. It also validates the impact investments in our infrastructure have had on cost management and efficiency. A lot of credit goes to the donors who have invested growth capital and helped BELL build a strong set of systems and controls to ensure that we get the most out of every dollar."
Forbes, Business Week, and Kiplinger's Financial Magazine have all profiled Charity Navigator's unique method of applying data-driven analysis to the charitable sector. The organization employed a two-dimensional rating system in its rankings. Based on information provided in IRS form 990, Charity Navigator analyzed BELL's performance in seven financial metrics: program expenses, administrative expenses, fundraising expenses, fundraising efficiency, primary revenue growth, program expenses growth, and working capital ratio. It also evaluated BELL in several accountability and transparency performance metrics, giving the nonprofit an overall rating of 65.81 on a scale of 0-70.
Charity Navigator's ratings show donors how efficiently a charity uses their support, how well it has sustained its programs and services over time, and their level of commitment to good governance, best practices and openness with information. Charity Navigator provides these ratings so that charitable givers and social investors can make intelligent giving decisions, and so that the nonprofit sector can improve its performance.