Only 3 nonprofits in Louisiana received the 4-star rating for the past 5 years.
FOR IMMEDIATE RELEASE
Preservation Resource Center Earns Coveted 4-Star Rating from Charity Navigator for 5th Consecutive Year
NEW ORLEANS, LA (July 1, 2012)—Preservation Resource Center's sound fiscal management practices and commitment to accountability and transparency have earned it a 4-star rating from Charity Navigator, America's largest independent charity evaluator. This is the 5th consecutive year that Preservation Resource Center (PRC) has earned this top distinction.
Since 2002, using data-driven analysis, Charity Navigator has awarded only the most fiscally responsible organizations a 4-star rating. In 2011, Charity Navigator added a second dimension of Accountability and Transparency (A&T) to its rating methodology, and now reviews 17 governance and ethical practices as well as measures of openness, providing information on its web site for each of the charities it evaluates. The A&T metrics, which account for 50 percent of a charity's overall rating, reveal which charities have "best practices" that minimize the chance of unethical activities and whether they freely share basic information about their organization with their donors and other stakeholders.
"Preservation Resource Center'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. Preservation Resource Center's supporters should feel much more confident that their hard-earned dollars are being used efficiently and responsibly when it acquires such a high rating."
"In the current economic environment, it's important our donors trust that we're using our funding wisely to restore and revitalize New Orleans' historic architecture and neighborhoods," said Patricia Gay, PRC's Executive Director. "Our 4-star Charity Navigator rating demonstrates to our supporters that we take our fiduciary and governance responsibilities very seriously."
PRC's rating and other information about charitable giving are available free of charge at www.charitynavigator.org. More detailed information about PRC's rating is available to Charity Navigator site visitors who become registered users.
About Charity Navigator
Charity Navigator 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 roughly 5,500 mid-to-large sized charities that garner roughly 50 percent of all private contributions made in the USA each year (not including houses of worship). 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 is a non-profit 501(c)(3) organization itself. For more information about Charity Navigator, call 201.818.1288, visit www.charitynavigator.org, or mail to 139 Harristown Road, Suite 201, Glen Rock, N.J., 07452.
About Preservation Resource Center of New Orleans (PRC)
PRC was founded in 1974 as a non-profit organization to promote the preservation, restoration and revitalization of New Orleans' historic architecture and neighborhoods. The organization has restored nearly 1,400 properties citywide and has assisted countless individuals with their own renovation efforts through its outreach and advocacy programs. PRC provides resources and education to convey the economic, cultural and aesthetic importance of historic preservation in New Orleans and throughout the world. For more information about the PRC and its revitalization efforts, call 504.581.7032 or visit www.prcno.org.
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