The Community Food Bank of Southern Arizona made it to a new national list of 10 “top-notch” charities for its overall performance on finances, accountability and transparency.
The annual report by Charity Navigator, a New Jersey-based nonprofit that evaluates U.S. charities, looks “to see if charities are growing their revenue and spending on program increase at about the same rate,” said Sandra Miniutti, its chief financial officer.
“This year has been difficult because the economy is still struggling,” said Bill Carnegie, CEO at the Community Food Bank of Southern Arizona.
He said the reason the food bank is able to struggle through tough times is because of its decision “to really focus on programs to make sure that every dollar is used effectively.”
The Charity Navigator study said as much, reporting that 96.9 percent of the food bank’s expenses were spent on programs over the last year.
Read more of this story Monday in the Arizona Daily Star and on StarNet.