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First Book Awarded Charity Navigator's Highest Four-Star Rating for Third Consecutive Year
First Book Awarded Charity Navigator's Highest Four-Star Rating for Third Consecutive Year
Published 11-13-09
Submitted by First Book
First Book, the nonprofit providing new books to children in need, has been awarded with a 4-Star rating for the third consecutive year by Charity Navigator, the nation's leading charity evaluator. Only 13% of the charities rated by Charity Navigator have received at least 3 consecutive 4-star evaluations, indicating that First Book consistently executes its mission in a fiscally responsible way and outperforms most other charities in America.
"We are particularly pleased to receive this 4-star rating as Charity Navigator is well-known for the rigor of its careful analysis of the financial stability and efficiency of the nation's top nonprofits," said Jane Robinson, First Book chief financial officer.
Charity Navigator highlights the fine work of efficient charities and provides donors with essential information needed to give them greater confidence in the charitable choices they make. Based on the most recent financial information, this "exceptional" designation from Charity Navigator differentiates First Book from its peers and demonstrates to the public it is worthy of their trust.
Charity Navigator, which does not endorse nonprofits, uses an objective, numbers-based rating system to assess the financial health of more than 5,500 of America's best-known charities. The group's professional analysts examine tens of thousands of nonprofit financial documents. Charity Navigator's rating system examines two broad areas of a charity's financial health -- how responsibly it functions day-to-day, as well as how well-positioned it is to sustain its programs over time. Each charity is then awarded an overall rating, ranging from zero to four stars.
About Charity Navigator
Founded in 2001, Charity Navigator has become the nation's largest and most-utilized evaluator of charities. Last year alone, more than four million donors used the award-winning site. The site is easily navigable by charity name, location or type of activity and also features opinion pieces by Charity Navigator experts, donation tips, and top-10 and bottom-10 lists which rank efficient and inefficient organizations in a number of categories. More information is available at www.charitynavigator.org.
About First Book
First Book provides new books to children in need, addressing one of the most important factors affecting literacy -- access to books. An innovative leader in social enterprise, First Book has distributed more than 65 million free and low cost books in thousands of communities. First Book now has offices in the U.S. and Canada. For more information about the nonprofit First Book please visit www.firstbook.org.
