Food Bank of Central New York Receives 4-Star Rating from Charity Navigator for 12th Consecutive Year
Thursday, July 16, 2020
SYRACUSE, NY (7/16/2020) – Food Bank of Central New York is proud to announce they will continue to receive the coveted 4-star rating from Charity Navigator. This designation can be attributed to the Food Bank’s strong financial health and commitment to accountability and transparency. Only 1% of charities that Charity Navigator evaluates have received 12 consecutive 4-star evaluations, indicating that Food Bank of Central New York outperforms most other charities in America. This exceptional designation from Charity Navigator sets Food Bank of Central New York apart from its peers and demonstrates to the public its trustworthiness.
Since 2002, using objective analysis, Charity Navigator has awarded only the most fiscally responsible organizations a 4-star rating. In 2011, Charity Navigator added 17 metrics, focused on governance and ethical practices as well as measures of openness, to its ratings methodology. These Accountability & Transparency metrics, which account for 50 percent of a charity’s overall rating, reveal which charities operate in accordance with industry best practices and whether they are open with their donors and stakeholders. On June 1, 2016, we upgraded our methodology for rating each charity’s’ financial health with CN 2.1. These enhancements further substantiate the financial health of our four star charities.
“It’s important our donors trust that we’re using their donations wisely to accomplish our mission to eliminate hunger through nutritious food distribution, education, and advocacy in cooperation with the community,” said Karen Belcher, Food Bank of Central New York Interim Executive Director. “Our 4-star Charity Navigator rating demonstrates to our supporters our good governance and financial accountability.”
“Food Bank of Central New York’s exceptional 4-star rating sets it apart from its peers and demonstrates its trustworthiness to the public,” according to Michael Thatcher, President & CEO of Charity Navigator. “Only a quarter of charities rated by Charity Navigator receive the distinction of our 4-star rating. This adds Food Bank of Central New York to a preeminent group of charities working to overcome our world’s most pressing challenges. Based on its 4-star rating, people can trust that their donations are going to a financially responsible and ethical charity when they decide to support Food Bank of Central New York.”
Food Bank of Central New York’s rating and other information about charitable giving are available free of charge on www.charitynavigator.org. More detailed information about the Food Bank’s rating is available to Charity Navigator site visitors who become registered users, another free service.
For more information about this recognition, please contact Lynn Hy at 315-437-1899 ext. 247 or by email at firstname.lastname@example.org.
About Food Bank of Central New York
Food Bank of Central New York is a not-for-profit organization working to eliminate hunger through nutritious food distribution, education, and advocacy in cooperation with the community. We are the primary food supplier for 280 emergency food assistance programs in eleven counties of New York State, distributing 15,623,010 pounds of food last year. Food Bank of Central New York is a member of Feeding America. Visit foodbankcny.org for more information on the agency and its programs.
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.