Tampa, FL (November 11, 2013) –The Tampa Metropolitan Area YMCA’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.
Since 2002, using data-driven analysis, Charity Navigator has awarded only the most fiscally responsible organizations a 4-star rating. In 2011, Charity Navigator added a second dimension of Accountability and Transparency (A&T) to its rating methodology, and now reviews 17 governance and ethical practices as well as measures of openness, providing information on its web site for each of the charities it evaluates. The A&T 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.
“The Tampa YMCA’s coveted 4-star rating puts it in a very select group of high-performing charities,” said Ken Berger, Charity Navigator President and CEO. “Out of the thousands of nonprofits Charity Navigator evaluates, only one out of four earns 4 stars — a rating that, now, with our new Accountability and Transparency metrics, demands even greater rigor, responsibility and commitment to openness. The Tampa Y’s donors, volunteers and members should now feel even more confident in knowing their hard-earned dollars are being used efficiently and responsibly for positive individual and community impact.”
“In the current economic environment, it’s important to us that community members trust we’re using our resources wisely to accomplish our mission and cause: to strengthen the foundations of community,” said Tampa Y President and CEO Tom Looby. “Our 4-star Charity Navigator rating demonstrates to donors, volunteers and partners we take our fiduciary and governance responsibilities seriously.”
Click here for more detailed information about the Tampa YMCA’s 4-star rating.
About the Tampa Y
The Tampa Metropolitan Area YMCA is a cause-driven 4-star charity and one of the area’s leading nonprofits, strengthening Hillsborough and East Pasco communities through youth development, healthy living and social responsibility. Across the Association, 19 facilities engage more than 160,000 men, women and children — regardless of age, income or background — to nurture the potential of children and teens, improve our community’s health and well-being, and provide opportunities to give back and support neighbors. The Tampa Y has long-standing relationships and physical presence not just to promise, but to deliver, lasting personal and social change. www.tampaymca.org
About Charity Navigator
Charity Navigator 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 roughly 5,500 mid-to-large sized charities that garner roughly 50% of all private contributions made in the USA each year (not including houses of worship). 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 non-profit 501 (c) (3) organization itself, depends on support from individuals, corporations and foundations that believe it provides a much-needed service to America’s charitable givers. www.charitynavigator.org