October 20, 2008
Charity Navigator, America's premier independent charity evaluator, has again awarded Room to Read the coveted four-star rating for sound fiscal management. This is the third year in a row Room to Read has achieved this award – a recognition that only 10 percent of their rated charities can claim and what Charity Navigator says demonstrates a charity that is "worthy of trust."
As the nonprofit sector continues to grow at an unprecedented pace, savvy donors are demanding more accountability, transparency and quantifiable results from the charities they choose to support with their hard-earned dollars.
"This rating is important to alerting donors about Room to Read's efficiency," said John Wood, Room to Read founder and CEO. "Room to Read's consistency in the rating is an exceptional feat, especially given the economic challenges many charities have had to face in the last year and will have to face in the year ahead. One of the keys to our success is having world-class Board members who have helped Room to Read to be run with the efficiency of a blue chip company. We're proud to have Muneer Satter as our Board Chairman, Scott Kapnick as the head of our Finance Committee, and Craig Bruya leading our Audit Committee." (Please click here for Board bios).
Charity Navigator's ratings were calculated based on Room to Read's most recent financial information. The four-star rating demonstrates that Room to Read is able to efficiently manage and grow its finances. Furthermore, according to Ken Berger, President and CEO of Charity Navigator, winning this award three years in a row shows, "Room to Read consistently executes its mission in a fiscally responsible way, and outperforms most other charities in America."
Forbes, Business Week, and Kiplinger's Financial Magazine, among others, have profiled Charity Navigator's unique analysis of the charitable sector. Charity Navigator is the leading charity evaluator in America and it evaluates ten times more charities than its nearest competitors. Please visit the Room to Read page on the Charity Navigator website for more information: