(New York, NY – December 6, 2007) – Just in time for the end-of-year charitable gifting season, Hadassah, the Women’s Zionist Organization of America, has climbed the ranks of two influential charity ratings. With more than one million non-profits registered in the U.S., Hadassah has been included both in Forbes’ annual list of “America’s 200 Largest Charities” and in the 2007 NPT Top 100, published by the NonProfit Times.
“This is good news for Hadassah and even better news for our supporters. More than ever, donors are looking to invest their dollars well in organizations they believe in and can trust to use their money wisely,” said Nancy Falchuk, Hadassah National President. “And we have a 96-year history that our donors feel validates this trust.
“We are gratified that at this time – as Hadassah is growing Young Judaea programming, expanding programs at Hadassah College Jerusalem, and building the new Sarah Wetsman Davidson Tower at the Hadassah Medical Center in Ein Kerem – that we are being widely recognized not only for our historical role in nation building, but for integrity and accountability.”
The Forbes rating is unranked, but each organization is assessed for its charitable commitment, or how much of total expense went directly to the charitable purpose; by fundraising efficiency, which shows the percentage of the gift available after subtracting the cost of getting it; and by donor dependency, or how large a factor donors are in the organization’s ability to break even. In the area of fundraising efficiency, Hadassah scored 93 percent, well above the average of 90 percent. In the area of donor dependency, Hadassah favorably ranked 28 percentage points below the average of 68 percent. In addition, a page is devoted to Hadassah’s financial profile on www.Forbes.com.
NonProfit Times ranked Hadassah 68 among the top 100 charities in America, whose “capital campaigns, investments and big gifts fueled growth.” In addition, Hadassah was one of five charitable organizations highlighted for having grown dramatically in the rankings from 2006 to 2007. Last year, Hadassah was the 91st largest non-profit in the U.S. in terms of revenue, indicating it rose 23 places to become the 68th largest.
These two citations, coupled with the recent 4-star rating awarded to Hadassah from Charity Navigator, an independent charity evaluator, makes Hadassah a very attractive organization to support.Date: 12/6/2007 12:00:00 AM