The nation’s largest charity evaluator has again awarded the Oklahoma Medical Research Foundation with its highest rating.
Charity Navigator gave OMRF a four-star rating for the 15th time, and the Oklahoma City-based nonprofit scored 92.9 out of a possible 100 for demonstrating accountability, transparency and strong financial health.
Using publicly available financial information, Charity Navigator promotes intelligent giving by providing report cards for U.S. and international charities. The nonprofit organization measures charities’ performance in fund-raising efficiency, fund-raising expenses, program expenses, primary revenue growth, administrative expenses, program expense growth, working capital ratios and more. It then assigns each charity a score from zero to four stars so that donors have confidence when making a charitable gift.
“We take great pride in being good stewards of the donations we’re entrusted with,” said OMRF President Stephen Prescott, M.D. “Donors have a wide variety of charitable options, and we work hard to ensure their gifts are used for their intended purpose: finding new treatments for deadly diseases, not going to overhead costs.”
Since 2002, Charity Navigator has awarded only the most fiscally responsible organizations a four-star rating. As the largest charity evaluator in the nation, the organization evaluates more than 8,000 charities.
“OMRF’s exceptional four-star rating sets it apart from its peers and demonstrates its trustworthiness to the public,” according to Michael Thatcher, President & CEO of Charity Navigator. “Only a quarter of charities rated by Charity Navigator receive the distinction of our four-star rating. This adds OMRF to a preeminent group of charities working to overcome our world’s most pressing challenges. Based on its 4-star rating, people can trust that their donations are going to a financially responsible and ethical charity when they decide to support OMRF.”