Financials
How We Use Our Funds
Friends of Karen is committed to the highest standard of public accountability and transparency. We are recognized for achieving this goal by two independent organizations that monitor U.S. charities:
- Charity Navigator, which evaluates the financial efficiency and responsibility of more than 8,000 charities, has given Friends of Karen 9 4-star awards, their highest possible rating. This indicates that Friends of Karen "adheres to sector best practices and executes its mission in a financially efficient way." According to Charity Navigator, only 1% of the charities they evaluate have received at least 9 consecutive 4-star evaluations, indicating that Friends of Karen outperforms most other charities in the U.S.
- The Better Business Bureau includes Friends of Karen in their Charity Seal Program, affirming that we have met 20 rigorous standards for charity accountability, including program expenses, audit reporting, accurate expense reporting, truthful materials, website disclosures, donor privacy, etc.