Charity Navigator Gives UMD its highest rating
Urban Ministries of Durham’s sound fiscal management practices and commitment to accountability and transparency have earned us a 4-star rating from Charity Navigator, the highest rating granted by America’s largest independent charity evaluator. We’re one of only two local Durham non-profits to receive this distinction. The other is TROSA.
This is the first time UMD has earned this credential, and it reflects the strong commitment of the board and senior staff to rigorous expense management, wise use of resources, complete financial reporting, and openness to the community.
“We’re so pleased to be recognized for being responsible about using the resources the Durham community entrusts to us responsibly to help our neighbors in need,” said Gregg Lasseter, UMD Director of Finance.
Using data-driven analysis, Charity Navigator awards 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 a report on its web site for each of the charities it evaluates. The process reveals 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.
“Urban Ministries of Durham’s coveted 4-star rating puts it in a very select group of high-performing charities,” according to Ken Berger, President and CEO of Charity Navigator. “Out of the thousands of nonprofits Charity Navigator evaluates, only one out of four earns 4 stars – a rating that now … demands even greater rigor, responsibility and commitment to openness. UMD’s supporters should feel much more confident that their hard-earned dollars are being used efficiently and responsibly when it acquires such a high rating.”