The Chesapeake Bay Maritime Museum’s strong financial health and commitment to accountability and transparency have earned the non-profit museum a 4-star rating from Charity Navigator, America’s largest independent charity evaluator. This is the third consecutive year CBMM has earned this top distinction.
Since 2002, using objective analysis, Charity Navigator has awarded only the most fiscally responsible organizations a 4-star rating. In 2011, Charity Navigator added 17 metrics, focused on governance and ethical practices as well as measures of openness, to its ratings methodology. These accountability & transparency metrics—which account for 50 percent of a charity’s overall rating—reveal which charities operate in accordance with industry best practices and whether they are open with their donors and stakeholders.
“The Chesapeake Bay Maritime Museum’s exceptional 4-star rating sets it apart from its peers and demonstrates its trustworthiness to the public,” according to Charity Navigator President & CEO Michael Thatcher. “Only a quarter of charities rated by Charity Navigator receive the distinction of our 4-star rating. This adds CBMM 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 CBMM.”
“It’s important our donors trust that their investment is used wisely to inspire and educate future stewards of the Chesapeake Bay,” said CBMM President Kristen Greenaway. “Our 4-star Charity Navigator rating demonstrates to our supporters our good governance and financial accountability.”
More-detailed information about CBMM’s rating is available to registered Charity Navigator users at bit.ly/cbmmcharitynav
