December 20, 2013 at 6:50 AM
LIVINGSTON, NJ – The Metropolitan YMCA of the Oranges has received Charity Navigator’s coveted 4-star rating for the third year in a row. The 4-star rating, Charity Navigator’s highest, is given to nonprofits that practice exceptional fiscal responsibility and governance in fulfilling their mission.
"We are honored to receive Charity Navigator’s highest rating,” said Stuart Vorcheimer, chair of the Metro YMCA of the Oranges Board of Directors. “This distinction reflects our accountability to all our constituencies and commitment to remain true to our mission of strengthening community through youth development, healthy living and social responsibility."
Charity Navigator works to help charitable givers make intelligent giving decisions by providing information on more than five thousand charities nationwide and by evaluating their financial health. It calculates each charity’s score based upon several broad criteria, including how much is spent per dollar raised, what percentage of funds goes to programs vs. administrative and fund-raising expenses, and the organization’s long-term financial health. It then assigns a rating from one to four, with four being the best rating.
In his letter to the Metro Y, Charity Navigator’s President and CEO Ken Berger noted, “Only 11% of the charities we rate have received at least 3 consecutive 4-star evaluations, indicating that Metro YMCA of the Oranges outperforms most other charities in America. This ‘exceptional’ designation from Charity Navigator differentiates the YMCA from its peers and demonstrates to the public it is worthy of their trust.” Read the entire letter at www.metroymcas.org.
Richard K. Gorab, President and CEO of the Metro YMCA remarked, “This high rating coupled with the Ys growing reputation as a leading cause-driven organization highlights our focus on good stewardship of charitable contributions and maintaining the public trust.”
“Our supporters demand and deserve accountability,” said Alisa Vural, Chief Financial Officer of the Metro YMCA. “I am pleased that we are recognized for consistently providing it.”
Forbes, Business Week, and Kiplinger’s Financial Magazine have all profiled Charity Navigator’s unique method of applying data-driven analysis to the charitable sector.
ABOUT the Y
The Y is a leading nonprofit organization dedicated to strengthening communities through youth development, healthy living and social responsibility. Across the U.S., 2,687 Ys engage 21 million men, women and children – regardless of age, income or background – to nurture the potential of children and teens, improve the nation’s health and well-being while providing opportunities to give back and support the community.
The Metropolitan YMCA of the Oranges is the largest YMCA Association in the State of New Jersey. Its mission is to strengthen community through youth development, healthy living, and social responsibility. Its six branch facilities are located in East Orange, Livingston, Maplewood, Hardyston, Stillwater and Wayne providing:
- Quality all-day and after-school child care, pre-school classes, recreational and enrichment programs, e.g. swimming, sports, arts, computer activities and day and sleep-away camps;
- Teen programs that help build self-esteem and leadership skills; and
- Wellness programs for adults and seniors.
The Y is for Youth Development, Healthy Living and Social Responsibility and is accessible to all people. Financial assistance is available to individuals and families who cannot afford the full cost of the Y’s programs and services.