Boston Children's Museum'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. This is the first time that Boston Children's Museum has earned this top distinction.
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.
"Boston Children's Museum's coveted 4-star rating puts it in a very select group of high-performing charities," according to Ken Berger, President and CEO, Charity Navigator. "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. Boston Children's Museum'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."
"We place a high priority on accountability and transparency. It's critical that donors trust we're using our funding wisely so that it has optimal impact," said Carole Charnow, President and CEO. "It's gratifying to be recognized for sound stewardship of these resources."
Boston Children's Museum's rating and other information about charitable giving are available free of charge on http://www.charitynavigator.org. More-detailed information about Boston Children's Museum's rating is available to Charity Navigator site visitors who become registered users, another free service.