PHILADELPHIA – Children’s Scholarship Fund Philadelphia (CSFP) has earned its ninth consecutive 4-star rating from Charity Navigator, America’s largest independ- ent charity evaluator. The organization’s strong financial health and commitment to accountability and transparency as a 501(c)(3) earned CSFP this coveted recognition. Only four percent of non-profits ranked by Charity Navigator have earned 4-star ratings nine years in a row.
Since 2002 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.
CSFP received a perfect score on all of its metric ratings. The metrics are based on financial health, accountability, and transparency. The score designates that the charities execute their missions in a fiscally responsible way while adhering to good governance and other best practices. CSFP is currently one of seven education-focused non- profits in the state to hold this honor.
“CSFP is proud to have received this top honor from Charity Navigator once again. It’s a testament to the hard work put in year after year by our caring and dedicated staff,” said Keisha Jordan, Executive Director of Children’s Scholarship Fund Philadelphia. “CSFP has a responsibility to the generous donors who help provide access to quality education for K-8th grade students, and we’re committed to accountability and transparency in all we do. We’re grateful to our community of supporters for trusting us to work toward educational equity through our scholarship program.”
To learn more about Children’s Scholarship Fund Philadelphia, please visit www.csfphiladelphia.org.
