Washington, D.C. (PRWEB) May 06, 2014
Just as the Franciscan Foundation for the Holy Land begins to celebrate its 20th anniversary, the foundation has garnered another coveted rank, achieving the highest-possible rating from the nation’s premier charity evaluator.
FFHL has received Charity Navigator’s four-star rating for sound fiscal management and commitment to accountability and transparency. The rating indicates that FFHL “adheres to good governance and other best practices that minimize the chance of unethical activities and consistently executes its mission in a fiscally responsible way,” Ken Berger, president and CEO of Charity Navigator, wrote in a congratulatory letter addressed to FFHL President Fr. Peter Vasko, ofm.
“We are pleased to receive this wonderful designation during our 20th year of preserving the Christian presence in the Holy Land,” said Fr. Peter. “Our benefactors deserve accountability, and I am very pleased that we are recognized for consistently providing it.”
In achieving the ranking, FFHL joins a select group of the less than 10 percent of charities that have achieved this four-star evaluation.
“This exceptional designation from Charity Navigator differentiates the Franciscan Foundation for the Holy Land from its peers and demonstrates to the public it is worthy of their trust,” Berger wrote.
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. This year the organization employed a new, two-dimensional rating system in its rankings.
Based on information provided in IRS form 990, Charity Navigator analyzed FFHL’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 the foundation in several accountability and transparency performance metrics, giving the FFHL an overall rating of 64.91 on a scale of 0-70.
“In the current economic environment, it’s important that our donors trust that we’re using our funding wisely and transparently to help preserve the Christian presence in the Holy Land, one family, one student, at-a-time,” said Fr. Peter. Our 4-star Charity Navigator rating demonstrates to our donors that we take our governance responsibilities seriously and they can feel safe investing in Christians in the Holy Land.
For more information about the Franciscan Foundation for the Holy Land, please visit http://www.ffhl.org.