Saint Louis University has been awarded a four-star rating by Charity Navigator, one of the nation's top charity evaluators. The University received the company's highest-possible rating — its third in as many years — for sound fiscal management and commitment to accountability and transparency.
Charity Navigator's mission is to provide donors with unbiased information for use in deciding which nonprofit organizations to support; top-tier scores indicate that an organization consistently executes its mission in a fiscally responsible way. The company's rating system, which spans from zero to four stars, is designed to create a clear picture of how efficiently the evaluators believe a charity will use its current donations, how well it has sustained its programs and services over time, and its level of commitment to good governance.
Based on information from fiscal year 2012 provided in IRS form 990, Charity Navigator analyzed SLU's performance in seven financial categories: program expenses, administrative expenses, fundraising expenses, fundraising efficiency, primary revenue growth, program expenses growth and working capital ratio. It also evaluated several accountability and transparency performance metrics. The University's score of 61.85 out of a possible 70 was higher than those of Harvard, American and Cornell universities and placed it in the top fifth of evaluated nonprofits.
"Only 12 percent of the charities we rate have received at least three consecutive four-star evaluations," said Ken Berger, president and CEO of Charity Navigator. "This exceptional designation differentiates Saint Louis University from its peers and demonstrates to the public it is worthy of their trust."
"We are honored by Charity Navigator's recognition of Saint Louis University," said Jeff Fowler, vice president of University Advancement. "Just as our fundraising priorities are motivated by the University's Jesuit mission, so too are our commitments to integrity, accountability and transparency."