ATLANTA, Nov. 28, 2016 /PRNewswire-USNewswire/ -- The Atlanta Community Food Bank has been awarded the highest rating for strong financial health and commitment to accountability and transparency by Charity Navigator, America's largest independent charity evaluator.
For six consecutive years, Charity Navigator has awarded the Food Bank a ranking of four stars out of a possible four, demonstrating strict adherence to good governance and fiscal responsibility. Only four percent of the charities rated by Charity Navigator have received at least six consecutive, four-star evaluations, indicating that the Food Bank exceeds industry standards and outperforms most other charities in America.
"It's important our donors trust that we're using their donations wisely to accomplish the Food Bank's mission to end hunger," said Kyle Waide, President and CEO of Atlanta Community Food Bank. "Our 4-star Charity Navigator rating demonstrates to our supporters our good governance and financial accountability."
Charity Navigator provides essential information that gives donors greater confidence in the charitable choices they support.
"Atlanta Community Food Bank's exceptional 4-star rating sets it apart from its peers and demonstrates its trustworthiness to the public," according to Michael Thatcher, President & CEO of Charity Navigator. "Based on its 4-star rating, people can trust that their donations are going to a financially responsible and ethical charity when they decide to support Atlanta Community Food Bank."
Since 2002, using objective 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 operate in accordance with industry best practices and whether they are open with their donors and stakeholders. On June 1, 2016, we upgraded our methodology for rating each charity's' financial health with CN 2.1. These enhancements further substantiate the financial health of our four-star charities.
ABOUT THE ATLANTA COMMUNITY FOOD BANK
The Atlanta Community Food Bank works to end hunger across metro Atlanta and north Georgia with the food, people, and big ideas needed to make sure all members of our community have access to enough nourishment to live a healthy and productive life.
We all need nutritious food to live the lives we imagine. Yet far too many people in our own community experience hunger every day, including children, seniors, and working families.
Through more than 600 nonprofit partners, we help more than 755,000 people get healthy food every year. Our goal is that, by 2025, all hungry people in our service area will have access to the nutritious meals they need when they need them. It takes the power of our whole community to make that possible. Join us at ACFB.org.
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.
ABOUT CHARITY NAVIGATOR
Charity Navigator, www.charitynavigator.org, 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 more than 8,000 charities. 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 501 (c) (3) public charity itself, depends on support from individuals, corporations and foundations that believe it provides a much-needed service to America's charitable givers.
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SOURCE Atlanta Community Food Bank