ATLANTA, Nov. 3, 2015 /PRNewswire-USNewswire/ -- The Atlanta Community Food Bank has been awarded the highest rating for sound fiscal management and commitment to accountability and transparency by Charity Navigator, the country's largest and most-utilized independent evaluator of charities.
For five consecutive years, Charity Navigator has awarded the Atlanta Community Food Bank an "exceptional" ranking of four stars out of a possible four, demonstrating adherence to good governance and fiscal responsibility. Only six percent of the charities rated by Charity Navigator have received at least five consecutive, four-star evaluations, indicating that Atlanta Community Food Bank outperforms most other charities in America.
"This exceptional ranking reflects Atlanta Community Food Bank's (ACFB) continuous commitment to financial stewardship and transparency when it comes to charitable contributions and maintaining the public's trust," said Mary Moore, ACFB Board Chair. "This distinction highlights ACFB's hard work in remaining true to its mission to fight hunger by engaging, educating and empowering our community."
Charity Navigator provides essential information that gives donors greater confidence in the charitable choices they support. The designation from Charity Navigator differentiates ACFB from its peers and demonstrates to the public that it is worthy of their trust.
Atlanta Community Food Bank'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. Atlanta Community Food Bank'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."
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.
ABOUT THE ATLANTA COMMUNITY FOOD BANK
The Atlanta Community Food Bank (ACFB) began operating in 1979 from a small space at St. Luke's Episcopal Church. ACFB now distributes more than 60 million pounds of food and grocery products each year – or more than 50 million meals - from a 129,600 square-foot facility in N.W. Atlanta. The product is accessed by 600 partner nonprofits that provide food assistance to families and individuals in 29 counties across greater Atlanta and north Georgia. ACFB leads seven distinct projects that reinforce its mission to fight hunger by engaging, educating and empowering our community: Atlanta Prosperity Campaign, Atlanta's Table, Community Gardens, Hunger 101, Hunger Walk/Run, Kids In Need and Product Rescue Center.
ACFB is a member of Feeding America, the national network of more than 200 food banks. For more information on the Food Bank, visit www.acfb.org, and for more information on Feeding America visit www.feedingamerica.org.
SOURCE Atlanta Community Food Bank