Room to Read Recognized with Thirteenth Charity Navigator 4-Star Rating
Charity Navigator, America's largest, most utilized, independent evaluator of charities, has once again awarded Room to Read its coveted 4-star rating for sound fiscal management and commitment to accountability and transparency. Since 2007, this is the thirteenth year Room to Read has received the award, a recognition less than 1 percent of charities achieve.
Charity Navigator bases its rating analysis on a charity’s financial health, accountability, and transparency. Room to Read has proudly earned its 4-star rating for continuing to execute its mission in a fiscally responsible manner, with 85.5 percent of total expenses directed toward program costs. This year, Room to Read’s rating increased to 92.92 out of 100 based on strong marks in Charity Navigator’s two categories – accountability and transparency and financial. This rating reinforces Room to Read’s commitment to financial discipline and oversight, strengthened through its annual independent audits and the open publication of its financial records.
“It’s an incredible achievement for Room to Read to receive its thirteenth 4-star rating from Charity Navigator,” said Shari Freedman, Room to Read’s Chief Financial Officer. “Without exception, our team works at the highest levels to ensure our financial management reflects our core values and supports return on mission for donors.”
According to Charity Navigator President and CEO, Michael Thatcher, Room to Read’s 4-star rating demonstrates to the public that Room to Read is worthy of their trust and that it “exceeds industry standards and outperforms most charities.” An overview of Room to Read’s performance metrics can be found on the organization’s Charity Navigator rating page.