August 7, 2013
LEXINGTON – God’s Pantry Food Bank has been named a Four-Star Charity by Charity Navigator for the sixth consecutive year, a distinction only three percent of charities rated by the organization have earned. Charity Navigator’s definition of a Four-Star Charity is one that “exceeds industry standards and outperforms most other charities in America.”
“We strongly believe in being good stewards of the financial gifts given to our organization,” Marian Guinn, God’s Pantry Food Bank CEO, said. “While a Charity Navigator rating is not required, we believe it is a powerful tool, both to help donors make educated decisions on where to donate, but also to help us maintain the highest standards and practices.”
Charity Navigator rates charities by evaluating two broad areas of performance - financial health and accountability & transparency. Its ratings are intended to show philanthropic givers how efficiently Charity Navigator believes a charity will use their support today, how well it has sustained its programs and services over time and its level of commitment to being accountable and transparent.
“God’s Pantry Food Bank’s coveted 4-star rating puts it in a very select group of high-performing charities,” according to Ken Berger, President and CEO, Charity Navigator. “Out of the thousands of nonprofits Charity Navigator evaluates, only one out of four earns 4 stars — a rating that, now, with our new Accountability and Transparency metrics, demands even greater rigor, responsibility and commitment to openness. God’s Pantry Food Bank supporters should feel much more confident that their hard-earned dollars are being used efficiently and responsibly when it acquires such a high rating.”
This year’s ranking is broken down into many distinguishing factors, all available online, including the fact that 96.4% of the Food Bank’s budget goes directly into the programs and services of the organization. This “exceptional” designation from Charity Navigator differentiates God’s Pantry Food Bank from its peers and demonstrates to the public it is worth of their trust.
“We are committed to feeding hungry families and reducing hunger in Kentucky,” Guinn said. “We cannot do our work without the support of generous financial donors. We are committed to operating with integrity and transparency and this rating should give our supporters and potential supporters added peace of mind, knowing, we are utilizing their gifts efficiently and effectively.”
The Food Bank recently closed its fiscal year having distributed more than 24 million pounds of food and grocery items to more than 211,000 people in need across its 50-county service area. More than 8 million pounds of that total was fresh produce.