Financials
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:
Friends of Karen has achieved the Platinum Seal of Transparency Rating on Candid (formerly Guidestar), the world’s largest source of information on non-profit organizations. This rating puts Friends of Karen in the top 0.1% of charities nationally in terms of transparency. The Platinum Seal of Transparency indicates that Friends of Karen shares information with the public about our goals, strategies, capabilities, achievements and progress indicators that highlight the impact of our Family Support Program.
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.
How we use our funds - FY '24
![BBB seal](/wp-content/uploads/2025/02/candid-2025.jpg")
