BEACON, NY – Hudson River Sloop Clearwater has achieved a 4-star rating with Charity Navigator, America’s largest and most-utilized independent evaluator of charities, for its sound fiscal management. A 4-star rating from Charity Navigator is their highest rating and this achievement speaks volumes for the Clearwater’s financial acumen and accomplishments made in recent years. “It is important for our members and donors to have confidence in our fiscal management and stewardship,” said Heidi Kitlas, Development Director for Clearwater. “As an organization, Clearwater is honored to receive this significant recognition.”
Charity Navigator’s established rating system takes into account what industry experts said about the way charities should function financially and are aligned to a ratings scale to these industry standards. The Charity Navigator rating system bases its evaluations in two broad areas – financial health and accountability/transparency. Based on how the charity rates in each of the two areas, it is assigned an overall rating, ranging from zero to four stars. Clearwater has received the 4-star rating as a result of its fiscal health and demonstrated fiscal responsibility, which is measured against the financial data of thousands of charities. In all cases, a 4-star rating from Charity Navigator indicates that a non-profit exceeds industry standards and outperforms most charities in its cause.
Charity Navigator’s mission is to advance a more efficient and responsive philanthropic marketplace by evaluating the financial health of over 5,500 in the United States. As America’s premier independent charity evaluator, Charity Navigator is highly respected for its evaluation process and a regarded as a key resource for potential donors nationwide in making informed choices in their giving practices.
Charity Navigator posts its evaluations on its website, www.charitynavigator.org. The service is free, and the site is navigable by charity name, location or type of activity. Charity Navigator is a 501(c)(3) organization that accepts no advertising or donations from the organizations it evaluates.
For more information, and to view Hudson River Sloop Clearwater’s review on Charity Navigator website, please visit http://www.charitynavigator.org/index.cfm?bay=search.summary&orgid=8151
