IOCC Earns Highest Rating from Charity Watchdog
Baltimore, MD (January 14, 2003) — For the second consecutive year, International Orthodox Christian Charities (IOCC) has received a four-star rating from the watchdog group Charity Navigator. Receiving four out of four stars is an “exceptional” rating.
“Your organization exceeds industry standards and outperforms most charities in our database,” said Trent Stamp, executive director of Charity Navigator. “Your givers can turn to these ratings as a guide for making intelligent and assured giving decisions.”
Charity Navigator uses two criteria to evaluate non-profits such as IOCC: short-term spending – how efficiently and responsibly a charity functions from day to day; and long-term sustainability — how well a charity can sustain its efforts over time.
“Obviously, we are pleased that IOCC would receive such a high rating based on our financial performance,” said Executive Director Constantine M. Triantafilou. “I believe it shows us to be good stewards of the resources that God has given us to serve those in need.”
IOCC, the official humanitarian aid agency of Orthodox Christians, received a short-term spending rating of 39.54, out of a possible 40, which means that most of its funds go toward program expenses.
The rating is based on a charity’s fund-raising efficiency, the percentage of its total budget spent on administrative and fund-raising costs, and the percentage of its budget spent on programs and services. According to Charity Navigator, IOCC spends 95.4 cents of every dollar on program expenses.
Charity Navigator evaluates non-profits based on the 990 IRS tax forms they file each year. The watchdog then uses those figures to compare charities involved in similar causes.
IOCC’s overall rating of 64.54, out of a possible 70, is based on an analysis of its audited financial statements for 2001. (The rating is meant to measure the overall financial health of charities.) The evaluation also shows steady growth on the part of IOCC over the past three years.
Founded in 1992, IOCC has delivered more than $140 million in relief and development programs to vulnerable people in 21 countries. IOCC provides humanitarian assistance solely on the basis of need to people suffering from war, poverty, disease and natural disasters.