Storefront Academy Harlem Earns Coveted 4-Star Rating From Charity Navigator

Date: 
June 15, 2016

Storefront Academy Harlem’s strong financial health 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 Storefront Academy Harlem has earned this top distinction.

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 Charity Navigator’s four star charities.

“Storefront Academy Harlem’s exceptional 4-star rating sets it apart from its peers and demonstrates its trustworthiness to the public,” said Michael Thatcher, President & CEO of Charity Navigator. “Only a quarter of charities rated by Charity Navigator receive the distinction of our 4-star rating. This adds Storefront Academy Harlem to a preeminent group of charities working to overcome our world’s most pressing challenges. 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 Storefront Academy Harlem.”
 
“It’s important our donors trust that we’re using their donations wisely to successfully educate urban youth to become critical and decisive thinkers, ready to solve the problems of tomorrow,” said Ray Cameron, Chairman of Storefront Academy Harlem's Board of Trustees.  “Our 4-star Charity Navigator rating demonstrates to our supporters our good governance and financial accountability.”

Storefront Academy Harlem’s rating and other information about charitable giving are available free of charge on www.charitynavigator.org.