Four-star ranking comes on eve of station’s pledge drive and completion of statewide network
Hawaii Public Radio has been awarded for the second consecutive year the highest rating for sound fiscal management and commitment to accountability and transparency by Charity Navigator, the country's largest and most-utilized independent evaluator of charities. Only 18 percent of charities across the nation have received two consecutive four-star rankings. In Hawai‘i, only two other nonprofits were rated as “exceptional” for fiscal year 2012; HPR stood alone in the category of “arts, culture, humanities” and “public broadcasting and media.”
Charity Navigator President and CEO Ken Berger wrote in a letter to HPR on October 1, 2013, “Receiving four out of a possible four stars indicates that your organization adheres to good governance and other best practices that minimize the chance of unethical activities and consistently executes its mission in a fiscally responsible way. This ‘exceptional’ designation from Charity Navigator differentiates Hawaii Public Radio from its peers and demonstrates to the public it is worthy of their trust.”
“We are altogether humbled by this reprise designation by Charity Navigator,” said HPR President and General Manager Michael Titterton. “This news comes to us as we are in the midst of preparations for another fund drive, so the validation from this top evaluator is timely indeed. Whatever efficiencies we’ve been able to achieve I credit to the efforts of our small, incredibly dedicated staff and Board, and our many station volunteers. Our audacious dream of a statewide radio network – now in its final phase – has been additionally sustained by the support of our nearly 11,000 donor members and more than a hundred corporate underwriters from across the state, some even on the other side of the Pacific. We’re honored by their belief in a public radio for all of Hawai‘i and owe them nothing less than our continued commitment to transparency and fiscal integrity.”
Based on information provided on Hawaii Public Radio’s website and in IRS form 990, Charity Navigator analyzed HPR’s performance in seven financial metrics: program expenses, administrative expenses, fundraising expenses, fundraising efficiency, primary revenue growth, program expenses growth, and working capital ratio. It also evaluated the organization in several accountability and transparency performance metrics. HPR received an overall rating of 63.75 on a scale of 0 – 70, placing it in the four-star category.
Forbes, Business Week, and Kiplinger's Financial Magazine, among others, have profiled and celebrated Charity Navigator’s unique method of applying data-driven analysis to the charitable sector. Charity Navigator evaluates ten times more charities than their nearest competitor and currently attracts more visitors to their website than all other charity rating groups combined. The information provided at charitynavigator.org is intended to show donors how efficiently a charity will use their support, how well it has sustained its programs and services over time, and the level of commitment to being accountable and transparent. According to Charity Navigator’s website, the ratings are provided “so that givers can make intelligent giving decisions.”
HPR’s Celebration 2013 fund drive launches on Wednesday, October 16. Its targeted goal, necessary to meet programming and operational costs for the next six months, is $992,000. The station raises approximately 65 percent of its $4.2 million operating budget from individual donations, primarily through these regular semi-annual pledge drives.