In a 2016 fiscal-year analysis, Preble Street, a Portland-based social service agency, was awarded Charity Navigator’s top rating, four stars, for a 12th consecutive year.
Charity Navigator, the country’s largest and most-utilized evaluator of charities, provides online tools that allow donors to see, at a glance, the percentage agencies spend on program services, compared to administrative and fundraising expenses.
Recording an overall average of 98.23 points out of a possible 100, with a perfect score in the area of “accountability and transparency,” Preble Street ranked among the highest-scored nonprofits in the country. The agency, dedicated to providing accessible barrier-free services to empower people experiencing problems with homelessness, housing, hunger, and poverty, and to advocating for solutions to those problems, was also recognized for fundraising efficiency and revenue growth.
The premier rating is awarded to nonprofits exceeding industry standards and outperforming most charities in their cause category.
“Less than 1 percent of the charities we evaluate have received at least 12 consecutive 4-star evaluations, indicating that Preble Street outperforms most other charities in America. This exceptional designation from Charity Navigator Preble Street apart from its peers and demonstrates to the public its trustworthiness,” said Michael A. Thatcher, president and CEO of Charity Navigator.
The scores are based on an analysis of a charity’s federal income tax filing, which is public information. Charity Navigator rates more than 8,000 public charities. Charity Navigator only evaluates organizations granted tax-exempt status under section 501(c)(3) of the Internal Revenue Code and that file a Form 990.
Charity Navigator’s evaluation covers two broad areas of performance: “financial health” and “accountability and transparency.” The ratings provide donors with information on how efficiently a charity uses philanthropic support, how well it has sustained its programs and services over time, and the level of its commitment to being accountable and transparent.
“We are incredibly proud to be rated as one of the top 1 percent of nonprofits in the whole country,” said Mark Swann, Preble Street executive director.
“We work very hard at Preble Street to take good care of the business-side of being an effective, strategic and efficient nonprofit organization. There are an increasing number of people counting on us to help them through tough times. We can’t let them down.”
Donors increasingly base giving decisions on the guidance of Charity Navigator other watchdog groups that offer insight into how their money will be used.
Preble Street’s complete Charity Navigator profile can be viewed here.