YMCA Receives Coveted Award
Metro YMCA Achieves Charity Navigator 4-Star Rating for the FIFTH Year
On Dec. 22, 2015 Metropolitan YMCA of the Oranges received Charity Navigator’s coveted 4-star rating for the fifth year in a row. The 4-star rating, Charity Navigator’s highest, is given to nonprofits that practice exceptional fiscal responsibility and governance in fulfilling their mission.
"We are honored to receive Charity Navigator’s highest rating,” said Stuart Vorcheimer, Chair of the Metro YMCA of the Oranges Board of Directors. “This distinction reflects our accountability to all our constituencies and commitment to remain true to our mission of strengthening community through youth development, healthy living and social responsibility."
Charity Navigator works to help charitable givers make intelligent giving decisions by providing information on more than five thousand charities nationwide and by evaluating their financial health. It calculates each charity’s score based upon several broad criteria, including how much is spent per dollar raised, what percentage of funds goes to programs vs. administrative and fund-raising expenses, and the organization’s long-term financial health. It then assigns a rating from one to four, with four being the best rating.
In his letter to the Metro Y, Charity Navigator’s President and CEO Michael Thatcher noted, “Only 6% of the charities we rate have received at least 5 consecutive 4-star evaluations, indicating that Metro YMCAs of the Oranges outperforms most other charities in America. This ‘exceptional’ designation from Charity Navigator differentiates the YMCA from its peers and demonstrates to the public it is worthy of their trust.”
Richard K. Gorab, President and CEO of the Metro YMCA remarked, “This high rating coupled with the Ys growing reputation as a leading cause driven organization highlights our focus on good stewardship of charitable contributions and maintaining the public trust.”
“Our supporters demand and deserve accountability. I am pleased that we are recognized for consistently providing it,” said Alisa Vural, Chief Financial Officer of the Metro YMCA.
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.