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Stamford, CT, August 23 2004 – AmeriCares has been awarded Charity Navigator’s 4-star rating for the third consecutive year. Charity Navigator, America’s premier independent evaluator of charities, provides extensive information on charitable organizations to prospective donors so that they may make informed giving decisions. A four-star rating is the highest rating possible.
“We are honored to receive this important acknowledgement,” said Curtis R. Welling, president and chief executive officer of AmeriCares. “In today’s environment, donors are demanding that nonprofits are held accountable for how they spend their funds. Our two decades of experience have allowed us to develop a business model that leverages donor dollars for maximum impact. For every $100 in cash contributions that AmeriCares receives, we deliver $2,800 in emergency aid.”
According to Trent Stamp, executive director of Charity Navigator, “In earning our highest 4-star rating, AmeriCares has demonstrated exceptional financial health, outperforming most of its peers in its efforts to manage and grow its finances in the most responsible way possible.”
Charity Navigator ranks charities from one to four stars, based on each organization’s financial health, efficiency and capacity. The ratings show donors how efficiently a charity will use their support and to what extent the charities are growing their programs and services over time. More details of the assessment are available at www.charitynavigator.org