Charity Navigator Gives IMF Highest Rating Available
NORTH HOLLYWOOD, CA March 8, 2005 The International Myeloma Foundation (IMF), the country’s oldest and largest myeloma organization, is proud to have received a four-star rating of “Exceptional” from Charity Navigator, the largest charity evaluator in the country. The four-star rating, the highest rating available from the organization, indicates that the IMF “exceeds industry standards and outperforms most charities in its Cause.”
“The IMF prides itself on utilizing our donors’ gifts as they’ve instructed for supporting cutting-edge research and myriad programs that support and empower patients,” said Susie Novis, IMF President. “We are delighted that Charity Navigator has recognized us with a four-star rating.”
Approximately 83% of the IMF’s yearly annual budget goes directly to IMF programs and research. Only $.08 on the dollar is spent on fundraising costs and only 8% of the IMF’s annual budget is used to pay for administration costs and salaries. Charity Navigator considers both industry standards and an organization’s financial data to determine their rating.
“This recognition from Charity Navigator as a four-star organization represents our efficiency and reliability in the philanthropic marketplace,” said Candace McDonald, Associate Director of Development at the IMF. “We know that this only deepens the confidence of our supporters in where their donations go.”
To access the full charity summary of the IMF online, go to www.charitynavigator.org and type “IMF” in the charity search line.
About the IMF
The International Myeloma Foundation is the oldest and largest myeloma organization in existence, reaching more than 125,000 members in 113 countries worldwide. A 501 (c) 3 non-profit organization dedicated to improving the quality of life of myeloma patients and their families, the IMF focuses in four key areas: research, education, support, and advocacy. In 2003, the IMF established the first myeloma-specific DNA Bank known as Bank On A Cure®. To date, the IMF has conducted more than 100 educational seminars worldwide; maintains a world-renowned hotline; and ensures that patients’ voices are heard on Capitol Hill. The IMF can be reached at (800)452-CURE or www.myeloma.org.