Cold Spring Harbor, NY — For the eighth consecutive year, Cold Spring Harbor Laboratory (CSHL) has earned a 4-star rating for sound financial practices from the philanthropic evaluator Charity Navigator. Only 1% of the approximately 5,000 non-profit organizations analyzed by Charity Navigator have achieved this milestone.
Ken Burger, President and Chief Executive Officer of Charity Navigator, said; “Cold Spring Harbor Laboratory consistently executes its mission in a fiscally responsible way, and outperforms most other charities in America. This ‘exceptional’ designation from Charity Navigator differentiates Cold Spring Harbor Laboratory from its peers and proves that it’s worthy of the public’s trust.”
The CSHL rating was awarded based on performance in two broad areas of financial health: organizational efficiency, which is a measure of how well the Lab is using its current resources; and organizational capacity, which looks at the Lab’s ability to grow programs and services over time.
“Cold Spring Harbor Laboratory is committed to fiscal responsibility,” said Dill Ayres, CSHL’s Chief Operating Officer. “Earning our eighth consecutive 4-star rating from Charity Navigator is gratifying because it validates our efforts to provide accountability and transparency to our donors.”
Charity Navigator guides intelligent giving by evaluating the financial health of over 5,000 charities. Charity Navigator is a 501(c)(3) organization which accepts no advertising or donations from the organizations it evaluates, ensuring unbiased evaluations.
Written by: Communications Department | publicaffairs@cshl.edu | 516-367-8455