CDC Foundation Earns Highest Charity Rating
ATLANTA – For the second year in a row, the CDC Foundation earned a four-star rating from Charity Navigator, the nation's largest and most-utilized evaluator of charities. Only 19 percent of the charities evaluated received at least two consecutive four-star ratings, which are awarded to organizations with the highest marks for efficiently managing and growing their finances.
Charities are evaluated on two broad areas of financial health - their organizational efficiency and their organizational capacity. Ratings are based on the financial information provided on IRS Forms 990. Charity Navigator uses that information to analyze a charity's financial performance in seven key categories: program expenses, administrative expenses, fundraising expenses, fundraising efficiency, primary revenue growth, program expenses growth and working capital ratio. During fiscal year 2007, the CDC Foundation spent 85.4 percent of its budget on program expenses, 7.3 percent on administration, and 7.1 percent on fundraising.
"We are very pleased to receive this high rating for the second year in a row," said Charles Stokes, president and CEO of the CDC Foundation. "We have a great team of people at the Foundation who strive every day to ensure our donors' contributions are used to help CDC do more, faster."
Established by Congress, the CDC Foundation helps CDC do more, faster, by forging effective partnerships between CDC and corporations, foundations, organizations and individuals to fight threats to health and safety. The Foundation currently manages approximately 200 programs in the United States and in countries around the world. Each of our programs involves a talented team of experts at CDC and at least one outside funding partner.