The Form 990 is prepared by not-for-profit organizations to comply with IRS annual filing requirements. Your Form 990 also may be used to rank your organization against other organizations in your area and throughout the United States, comparing such items as spending on your mission, fundraising efficiency and organizational efficiency. A study of 30 metropolitan markets across the United States was just released, which ranked Pittsburgh, Pennsylvania as the most charitable conscious city with a median score of 59.38. Baltimore, Maryland was ranked the least charitable conscious with a median score of 51.89. The national average was 55.68, with 70 being the highest possible score.
There are several organizations that evaluate charities, including the Better Business Bureau and Charity Watch, but the largest is Charity Navigator, a not-for-profit organization that evaluates charities and rates them based on organizational efficiency and growth capacity. These services are usually free to the public to view; all you need to do is sign up for an account.
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Questions? Contact Debi L. Ladyman, CPA, Partner at 317.383.4072 or
dladyman@bkd.com or Joe Vande Bosche, CPA, Partner at 317.383.4039 or jvandebosche@bkd.com.
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