June 02, 2009
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AGBU Receives Exceptional Four-Star Rating from Charity Navigator Watchdog Group

The world's largest Armenian non-profit organization, the Armenian General Benevolent Union (AGBU), received a four-star rating -- the highest allotted -- for sound fiscal management from charity watchdog Charity Navigator (www.charitynavigator.org). AGBU, whose overall score was based on its short-term spending practices and long-term sustainability, ranked above a number of leading non-profits, including the American Cancer Society, American Red Cross, Amnesty International and the Smithsonian Institution. Charity Navigator explains that its four-star rating denotes that the organization "exceeds industry standards and outperforms most charities in its Cause."

In a letter of acknowledgment for AGBU's achievement, Ken Berger, President & Chief Executive Officer of Charity Navigator, wrote, "We are proud to announce Armenian General Benevolent Union has earned our 4-star rating for its ability to efficiently manage and grow its finances...This 'exceptional' designation from Charity Navigator differentiates Armenian General Benevolent Union from its peers and demonstrates to the public it is worthy of their trust."

Founded in 2001, Charity Navigator is the nation's largest and most-utilized evaluator of over 5,000 of America's best-known charities. Their rating system examines two broad areas of a charity's financial health -- how responsibly it functions day to day, and how well positioned it is to sustain its programs over time. Each charity is then awarded an overall rating, ranging from zero to four stars. The organization does not charge charities that are evaluated and provides its service free of charge to the public.

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