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Author Topic: Kiva.org Receives Top Rating from Charity Navigator for Sound Fiscal Management,  (Read 5709 times)
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JohnAtKiva
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« on: February 09, 2011, 11:46:10 AM »

A few KivaFriends have suggested we get listed on Charity Navigator.  So I thought I'd share that we just got our first ever Charity Navigator rating!

Best,
John

Quote
Kiva.org Receives Top Rating from Charity Navigator for Sound Fiscal Management, Exceeding Industry Standards

Independent Charity Evaluator Recognizes Kiva.org for Executing its Mission in a Fiscally Responsible Way

SAN FRANCISCO, CA - February 9, 2011 - Kiva.org, the world's first personal micro-lending website, today announced it has received a four-star rating from Charity Navigator, America's largest independent charity evaluator. The coveted four-star rating, the highest on Charity Navigator's ratings scale, indicates that Kiva.org exceeds industry standards for fiscal management.

"We work hard to make Kiva.org run as efficiently as possible so that we can focus our efforts on achieving our mission of connecting people through lending to alleviate poverty," said Premal Shah, President, Kiva.org. "This rating is testament to those efforts."

Charity Navigator's rating system examines two 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. The company aims to help donors make informed decisions, while also highlighting effective charities.

"Approximately a quarter of the charities we evaluate have received our highest rating, indicating that Kiva executes its mission in a fiscally responsible way, and outperforms most other charities in America," said Ken Berger, President and CEO, Charity Navigator. "This 'exceptional' designation from Charity Navigator differentiates Kiva from its peers and demonstrates to the public it is worthy of their trust."

To learn how you can make a loan to an entrepreneur or student in need, visit www.kiva.org.

http://www.kiva.org/press/releases/release_20110209
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cpbailey
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« Reply To This #1 on: February 09, 2011, 04:47:35 PM »

Congratulations on the rating!

Colette
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Amy-in-PHX
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« Reply To This #2 on: February 09, 2011, 05:10:26 PM »

A few KivaFriends have suggested we get listed on Charity Navigator.  So I thought I'd share that we just got our first ever Charity Navigator rating!

Best,
John


Fantastic!  I am glad to see that.
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We can do no great things - only small things with great love.     (Mother Teresa)
charity
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« Reply To This #3 on: February 09, 2011, 08:48:24 PM »

That is very cool!   Grin
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AccountAbility
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« Reply To This #4 on: February 09, 2011, 08:52:08 PM »

Congratulations to Kiva!   Thumbs Up

It helps to keep the flack in perspective.   Smiley

Dan
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We are loaners!
Peter S
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« Reply To This #5 on: April 03, 2011, 04:45:59 PM »

I took a look at Kiva's current listing on Charity Navigator, and noticed that there are just two things holding it back from having a perfect score in the Accountability & Transparency category.



Kiva's Audited Financials and Form 990 are in fact accessible on the kiva.org website, but the key phrase here is "readily accessible".  It's still necessary to figure out what search bait to use in "Help", in order to reach a link to the financials and Form 990.   Form 990 and 990 draw a blank, but you can get there with audited or financials or audited financials as the search term.

It would be an easy win for Kiva to achieve a 100% score for "Accountability & Transparency" at Charity Navigator by simply providing a prominent link to the latest Audited Financials and Form 990 that doesn't involve having to guess the search term in the Help Center.  One logical place to put the link would be on the "About" landing page, here: http://www.kiva.org/about - that would make the information readily accessible.

Peter



edit: added link to the relevant page on Charity Navigator
« Last Edit: April 03, 2011, 06:52:01 PM by Peter S » Logged

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Peter S
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« Reply To This #6 on: July 16, 2011, 08:02:23 PM »

. . .
It would be an easy win for Kiva to achieve a 100% score for "Accountability & Transparency" at Charity Navigator by simply providing a prominent link to the latest Audited Financials and Form 990 that doesn't involve having to guess the search term in the Help Center.  One logical place to put the link would be on the "About" landing page, here: http://www.kiva.org/about - that would make the information readily accessible.
. . .

OK, so Kiva should in future get a 100% score for Accountability & Transparency at Charity Navigator, as there is now a readily accessible route to Kiva's financial information from the "About Us" submenu on the "About" landing page:

http://www.kiva.org/about/finances

Currently, the 2010 Form 990 isn't posted, but the 2010 Audited Financials are there.


Peter
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