(Philadelphia, 10/05/15) – Children’s Literacy Initiative’s sound fiscal management practices and commitment to accountability and transparency have earned it a 4-star rating from Charity Navigator, America’s largest independent charity evaluator. This is the 4th consecutive time Children’s Literacy Initiative has earned this top distinction.
Since 2002, using objective, data-driven 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 have “best practices” that minimize the chance of unethical activities and whether they freely share basic information about their organization with their donors and other stakeholders.
Children’s Literacy Initiative’s coveted 4-star rating puts it in a very select group of high-performing charities,” according to Michael Thatcher, President & CEO of Charity Navigator. “Out of the thousands of nonprofits Charity Navigator evaluates, only one out of four earns 4 stars — a rating that demands rigor, responsibility and commitment to openness. Children’s Literacy Initiative supporters should feel much more confident that their hard-earned dollars are being used efficiently and responsibly when it acquires such a high rating.”
“It’s important our donors trust that we’re using our funding wisely to ensure that children can read on grade level by the end of 3rd grade” said Joel Zarrow, Executive Director. “Our 4-star Charity Navigator rating demonstrates to our supporters that we take our fiduciary and governance responsibilities very seriously.”
Children’s Literacy Initiative’s rating and other information about charitable giving are available free of charge on www.charitynavigator.org. More-detailed information about Children’s Literacy Initiative’s rating is available to Charity Navigator site visitors who become free registered users.
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.
About Children’s Literacy Initiative
Established in 1988, the Children’s Literacy Initiative is headquartered in Philadelphia, Pennsylvania, and provides personalized, one-on-one teacher coaching, research-based literacy training, small group coaching, leadership coaching for principals and teacher-leaders and provides the books and materials classrooms need to create literacy rich environments. In addition to Philadelphia, the organization also provides services to school districts including Passaic & Camden, NJ, Chicago, St. Louis and Denver.