Joffrey Receives 4-Star Rating from Charity Navigator
The coveted rating demonstrates strong financial health and transparency
For the tenth consecutive year, The Joffrey Ballet has received a four-star rating from Charity Navigator, the world’s largest and most utilized independent nonprofit evaluator.
The coveted four-star rating—Charity Navigator’s highest possible rating—demonstrates strong financial health, an adherence to sector best practices, and a commitment to accountability and transparency. Only 3 percent of the charities that Charity Navigator evaluates have received at least 10 consecutive four-star evaluations, indicating that the Joffrey outperforms most other charities in America and sets it apart from its peers. IRS tax status, revenue, length of operation, and public support are among the criteria used to determine a rating.
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.
Forbes, Business Week, and Kiplinger's Financial magazine and others have profiled and celebrated Charity Navigator’s unique method of applying data-driven analysis to the charitable sector. The organization evaluates ten times more charities than its nearest competitor and currently attracts more visitors to its website than all other charity rating groups combined. The nonprofit estimates that it has influenced approximately $10 billion in charitable gifts.