Step Up For Students achieves coveted four-star rating from Charity Navigator
For the fifth consecutive year, Step Up For Students, the nonprofit organization that helps administer Florida’s Tax Credit and Gardiner Scholarship programs, has achieved the coveted four-star rating for sound fiscal management and commitment to accountability and transparency from Charity Navigator, the nation’s largest independent evaluator of charities.
“Only 6 percent of the charities we rate have received at least five consecutive four-star evaluations, indicating that Step Up For Students outperforms most other charities in America,” wrote Charity Navigator President and CEO Michael Thatcher in a congratulatory letter dated April 1. “This ‘exceptional’ designation from Charity Navigator differentiates Step Up For Students from its peers and demonstrates to the public it is worthy of their trust.”
After a comprehensive review by Charity Navigator, Step Up earned 99.92 points out of 100 overall; 99.90 for financial management and 100 out of 100 for accountability and transparency for Fiscal Year 2015. This is the first time Charity Navigator has included the Gardiner Scholarship, formerly the Personal Learning Scholarship Program, in its annual review of Step Up. Step Up’s revenue for the year was $457.8 million.
“We do important work which we take very seriously,” said Step Up President Doug Tuthill. “Our mission is to provide more educational opportunities to those Florida schoolchildren who need them the most. We can’t do that without the trust of our donors, families, legislators and the public. This superior ranking shows we deserve their trust. This year’s rating is especially significant because it includes the state-funded Gardiner Scholarship, a new program for special needs children we are extremely proud to help administer.”
Step Up’s 99.92 score ranked it fifth nationally on Charity Navigator’s Top-Notch Charities list.
“We are proud of our mission and how we operate,” Tuthill said. “We are committed to being effective, efficient and fiscally responsible. We owe that to the public, our funders and the more than 80,000 students we serve with both scholarship programs.”
Step Up For Students is a nonprofit organization in Florida that has been awarding scholarships to low-income families since the program’s creation in 2001, providing nearly 480,000 scholarships to K-12 schoolchildren. For the 2015-16 school year, Step Up is serving about 78,000 low-income students and several thousand more children with special needs through the Gardiner Scholarship. The income-based Florida Tax Credit Scholarship, funded by tax-credited corporate donations, is worth up to $5,677 toward private school tuition and fees; the state-funded Gardiner Scholarship, formerly known as the Personal Learning Scholarship Account program, averages $10,000 per student annually. To learn more visit, www.StepUpForStudents.org
Since 2002, Charity Navigator, a nonprofit organization, has awarded only the most fiscally responsible 501(c)(3) organizations its top ranking using financial information provided by the organizations’ informational tax returns or IRS Form 990s to determine rankings. The national company then analyzes a charity’s fiscal performance in seven key areas, including program, administrative and fundraising expenses; fundraising efficiency; and revenue growth. Charity Navigator’s mission is to provide donors with essential information so they can be confident in which charities they support.