In 2002, Charity Navigator launched a website that rated the Financial Health of charities. Over the years, we’ve made some enhancements to that system. For example, in response to the negative impact the recession had on certain types of charities, we adjusted the way in which we rated those charities during the time of the recession.
In 2011, after we launched CN 2.0, our expanded rating system that also evaluates Accountability & Transparency, we decided it was a good time to go back to our original rating dimension – the Financial Health of charities – and see if some more substantial changes were in order. We formed a task force of financial experts from around the country to help us think through how we could make our financial analysis even more powerful. (This task force is a subcommittee of our Advisory Panel which is guiding our development of CN 3.0, a three dimensional rating system that looks at Financial Health, Accountability & Transparency as well as Results Reporting).
In addition to staff, our Financial Measures Task Force Membership includes:
This Task Force completed its work in the spring of 2016 with the implementation of CN 2.1, our enhanced Financial Health rating metrics. We thank all of the Financial Measures Task Force members for volunteering their time to help us in this endeavor and hope that they will continue to assist us as our rating system continues to evolve.