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United Way of the Coastal Empire earns four-star rating

Organization lauded for its financial efficiency

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POSTED: January 16, 2009 2:31 p.m.
United Way of the Coastal Empire announced that, for the first time, the organization has received a four-star rating by Charity Navigator, America’s largest independent evaluator of charitable organizations.  
Receiving four out of a possible four stars indicates the United Way excels in efficient financial management.
The United Way of Liberty County is part of the United Way of the Coastal Empire.
“Applause and thanks go to donors, volunteers and staff who are unified in a deep commitment to serve our community. They all work very hard to ensure that each dollar contributed is wisely invested in the efforts to make life better in our community,” said United Way’s Board Chairman Mike Kemp, who works as senior vice president at Regional Trust Manager of Synovus Trust.
"We are pleased to be ranked among the nation's top charities," said Gregg Schroeder, president and CEO of United Way of the Coastal Empire. “We take this ranking very seriously and will continue to work diligently to earn the trust and goodwill of the community we serve."
United Way’s four-star rating was based on organizational efficiency and organizational capacity. Charity Navigator determines organizational efficiency by evaluating fundraising efficiency, fundraising expenses, program expenses and administration expenses. United Way received an overall efficiency rating of 38.76 out of a possible 40 for a four-star efficiency rating.  
Charitable Navigator determines organizational capacity by examining primary revenue growth, program expenses growth and working capital ratio. United Way received an overall capacity rating of 22.35 out of 30 for a four-star capacity rating.

 

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