Summit, NJ (PRWEB) August 13, 2014
Family Promise, the Summit-based, national nonprofit helping homeless and low-income families achieve sustainable independence, has been awarded a coveted 4-star rating for sound fiscal management and commitment to accountability and transparency. Charity Navigator has recognized Family Promise’s work with four out of a possible four stars, indicating the charity’s adherence to good governance and the execution of their mission in a fiscally responsible way.
“Only 19% of the charities we rate have received at least 2 consecutive 4-star evaluations, indicating Family Promise outperforms most other charities in America,” said Ken Berger, President and CEO of Charity Navigator, the nation’s largest charity evaluator. “This ‘exceptional’ designation differentiates Family Promise from its peers and demonstrates to the public it is worthy of their trust.”
Under Charity Navigator’s formula combining accountability and fiscal management, Family Promise received a score of 95.81 out of a possible 100. Family Promise reports that 85% of every dollar raised is spent on program expenses.
“We are thrilled to receive four stars again from Charity Navigator,” said Karen Olson, President of Family Promise. “It is always our goal to be completely transparent in how we do business. Our supporters deserve accountability, and this continued recognition ensures that we are providing it.”
About Family Promise
Family Promise was founded in 1988 on the belief that Americans are compassionate people who want to make a difference. Today, Family Promise comprises 185 Affiliates in 42 states, with more in development. Family Promise programs involve more than 160,000 volunteers and they provide assistance to more than 50,000 family members annually. Since their founding, they have served more than 600,000 people, including tens of thousands of homeless families who found temporary homes at Affiliates nationwide.