For the fifth consecutive year, the philanthropic evaluator Charity Navigator has bestowed their highest 4-star rating on Cold Spring Harbor Laboratory for its sound financial practices. This distinction ranks Cold Spring Harbor Laboratory among the most responsible of more than 1.5 million philanthropic organizations that exist in America to date.
“We are happy to announce that Cold Spring Harbor Laboratory has earned its fifth consecutive 4-star rating for its ability to efficiently allocate and grow its finances,” Trent Stamp, Executive Director of Charity Navigator, wrote. “Less than 12% of the charities we’ve rated have received at least two consecutive 4-star evaluations, indicating that Cold Spring Harbor Laboratory outperforms most charities in America in its efforts to operate in the most fiscally responsible way possible. This ‘exceptional’ rating from Charity Navigator differentiates Cold Spring Harbor Laboratory from its peers and proves that it’s worthy of the public’s trust.”
Charity Navigator rates charities in comparison to others within the same sector, to determine how a charity is functioning according to industry standards. Financial data submitted annually is used to analyze the institution’s actual performance based on seven criteria: program expenses, administration expenses, fundraising expense, fundraising efficiency, primary revenue grown and primary expenses growth, and working capital ratio. In all industries, the 4-star rating indicates that the charity “exceeds industry standards and outperforms most charities in its cause.” Fewer than 600 out of the more than 5,000 charities ranked have attained two consecutive 4-star ratings; this makes CSHL’s fifth 4-star rating.
“We have always strived to maintain a sound approach to finances. This designation makes it all the more rewarding for us,” Dill Ayres, CSHL’s Chief Operating Officer, commented.
Written by: Communications Department | publicaffairs@cshl.edu | 516-367-8455
About Charity Navigator
Charity Navigator works to guide intelligent giving. They help charitable givers make intelligent giving decisions by providing information on over five thousand charities and by evaluating the financial health of each of these charities. They ensure our evaluations are widely used by making them easy to understand and freely available to the public. By guiding intelligent giving, they aim to advance a more efficient and responsive philanthropic marketplace, in which givers and the charities they support work in tandem to overcome the nation’s most persistent challenges. For more information, visit www.charitynavigator.org.