BOSTON, MA, July 8, 2016 – For the second consecutive year, Tenacity’s strong financial health and commitment to accountability and transparency have earned the top distinction of a 4-star rating from Charity Navigator, America’s largest independent charity evaluator.
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, Charity Navigator upgraded their methodology for rating each charity’s’ financial health with CN 2.1. These enhancements further substantiate the financial health of 4-star charities.
“Tenacity’s exceptional 4-star rating sets it apart from its peers and demonstrates its trustworthiness to the public,” according to 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 Tenacity 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 Tenacity.”
“It’s important our donors trust that we’re using their donations wisely to accomplish Tenacity’s mission of closing the opportunity and achievement gaps for Boston students,” said Ned Eames, Founder & CEO of Tenacity. “Our 4-star Charity Navigator rating demonstrates to our supporters that we take our fiduciary and governance responsibilities very seriously.”
Tenacity’s rating and other information about charitable giving are available free of charge on www.charitynavigator.org. More-detailed information about Tenacity’s rating is available to Charity Navigator site visitors who become registered users, another free service.
Founded in 1999, Tenacity’s mission is to improve the scholastic, character, and physical development of Boston youth. The organization’s ultimate goal is to close the opportunity and achievement gaps that exist for students living in under-resourced Boston communities. Through a combination of outcomes-based academic enrichment, mentoring, family engagement, and tennis/fitness coaching, Tenacity’s programs offer a Pathway to Post-Secondary Success that improves educational outcomes for students, increases graduation rates, and helps transform the lives of the youth they serve. Tenacity has maintained a 95% high school graduation rate among students who have completed their Middle School Academy, with 80% going on to higher education. Together, Tenacity’s programs serve over 6,000 youth annually. For more information, visit https://tenacity.org.
About Charity Navigator
Charity Navigator, www.charitynavigator.org, is the largest charity evaluator in America and its website attracts more visitors than all other charity rating groups combined. The organization helps guide intelligent giving by evaluating the Financial Health and Accountability & Transparency of more than 8,000 charities. Charity Navigator accepts no advertising or donations from the organizations it evaluates, ensuring unbiased evaluations, nor does it charge the public for this trusted data. As a result, Charity Navigator, a 501 (c) (3) public charity itself, depends on support from individuals, corporations and foundations that believe it provides a much-needed service to America’s charitable givers. Charity Navigator, can be reached directly by telephone at (201) 818-1288, or by mail at 139 Harristown Road, Suite 101, Glen Rock, N.J., 07452.
Brandon Andrusic, Director of Marketing and Communications