Hemophilia Federation of America is pleased to announce the organization has earned the 2020 Platinum Seal of Transparency, the highest level of recognition offered by GuideStar, a service of Candid. By sharing metrics that highlight progress HFA is making toward its mission, the organization is helping donors move beyond simplistic ways of nonprofit evaluation.
With an annual operating budget of more than $6 million, HFA relies on a diversity of funding sources and is proud to regularly acknowledge donors and sponsors, which helped contribute to this honor. In addition, low administrative and fundraising expense means HFA is able to direct nearly 94 percent of all donations toward educational programming for patients living with bleeding disorders and their families.
To reach the Platinum level, HFA added extensive information to its Nonprofit Profile on GuideStar: basic contact and organizational information; in-depth financial information; qualitative information about goals, strategies, and capabilities; and quantitative information about results and progress toward its mission. By taking the time to provide this information, HFA has demonstrated its commitment to transparency and to giving donors and funders meaningful data to evaluate nonprofit performance.Â
The Platinum Seal of Transparency is the top honor given by GuideStar, indicating HFA has been forthcoming in providing key information to the organization’s nonprofit profile, which is available to the public and displays the organization’s measurable impact.Â GuideStar provides the information on its website for those needing to make educated charitable decisions. The information can be used by donors to best determine which trusted organizations should receive their charitable donations.
HFA’s mission, vision, funding policy, annual reports, partnerships and coalitions, and charitable contributors can be found at www.hemophiliafed.org.
About GuideStar Nonprofit ProfilesÂ
In 2019, GuideStar joined forces with Foundation Center to form Candid, a new 501(c)(3) nonprofit organization. Today, GuideStar is a service of Candid. The GuideStar database contains a profile for every tax-exempt nonprofit registered with the IRS. The profiles are populated with information directly from nonprofits, the IRS, and other partners in the nonprofit sector. Candid encourages every nonprofit to claim and update its profile at no cost to the organization. Updating allows nonprofits to share a wealth of up-to-date information with the more than 13 million people who visit guidestar.org to learn more about nonprofit organizations each year. Updating also allows nonprofits to share information with the more than 200 philanthropic websites and applications that are powered by GuideStar data, such as AmazonSmile, Facebook, and Network for Good. To reach a given participation level, organizations must complete all required fields for that level. The GuideStar participation levels, acknowledged as symbols of transparency in the nonprofit sector, are displayed on all updated participants’ profiles in the GuideStar database.Â
Every year, millions of nonprofits spend trillions of dollars around the world. Candid finds out where that money comes from, where it goes, and why it matters. Through research, collaboration, and training, Candid connects people who want to change the world to the resources they need to do it. Candid’s data tools on nonprofits, foundations, and grants are the most comprehensive in the world. Find out more at candid.org and on Twitter @CandidDotOrg.Â