OMRF has received the highest possible rating from Charity Navigator for the 17th time.
Charity Navigator, the nation’s largest charity evaluator, awarded OMRF a four-star rating with the Oklahoma City-based nonprofit biomedical research institute scoring 98.11 out of a possible 100. The points are awarded for demonstrating a strong commitment to accountability, transparency and good financial health.
“The intent of our work is to provide donors with essential information to give them greater confidence in both the charitable decisions that they make and the nonprofit sector,” said Michael Thatcher, President and CEO of Charity Navigator. “OMRF has received our highest rating, and the organization adheres to sector best practices and executes its mission in a financially efficient way. Attaining a four-star rating verifies that OMRF exceeds industry standards and outperforms most charities in America.”
Using publicly available financial information, Charity Navigator promotes intelligent giving by providing report cards for U.S. and international charities.
The nonprofit organization evaluates more than 8,000 charities and measures 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.
“This designation is a badge of honor, because we take our fiscal responsibility to donors seriously,” said OMRF President Stephen Prescott, M.D. “When Oklahomans choose to support OMRF, they need to know we’ll use their gifts wisely by funding life-saving research.”