For the sixth consecutive year, Charity Navigator awarded Boys & Girls Clubs of Palm Beach County (BGCPBC) a four-star rating for demonstrating strong financial health and commitment to accountability and transparency. 4 stars is the highest rating given by the independent organization. With more than 1.5 million American charities, Charity Navigator aims to accentuate the work of efficient and transparent organizations like BGCPBC. The intent of Charity Navigator is to provide donors with essential information to give them greater confidence in both the charitable decisions that they make and the nonprofit sector.
“We are proud to announce Boys & Girls Clubs of Palm Beach County has earned our sixth consecutive 4-star rating. This is our highest possible rating and indicates that (BGCPBC) adheres to sector best practices and executes its mission in a financially efficient way,” stated President and CEO of Charity Navigator Michael Thatcher. “Attaining a 4-star rating verifies that Boys & Girls Clubs of Palm Beach County exceeds industry standards and outperforms most charities.”
Only 10% of the charities evaluated by Charity Navigator received at least 6 consecutive 4-star evaluations, indicating that BGCPBC outperforms most other charities across the U.S. One of the reasons for the high rating is that 87 cents of every dollar given to BGCPBC go directly to support programs designed to meet the specific needs of children and teens. Charity Navigator says on average, nonprofits spend about 40 percent of donations for overhead expenses. BGCPBC spends only 14 percent on operational costs.
“We are proud to once again receive the highest rating from Charity Navigator. It’s proof of the hard work that we do every day to ensure that our Club members are given every opportunity possible to help reach their full potential. As an organization we continue to become more efficient to be able to positively impact as many children as possible,” said President & CEO of Boys & Girls Clubs of Palm Beach County Jaene Miranda.
“This exceptional designation from Charity Navigator sets Boys & Girls Clubs of Palm Beach County apart from its peers and demonstrates to the public its trustworthiness,” said Thatcher.