MusiCares Awarded 4-Star Rating For Fifth Consecutive Year
MusiCares, the Recording Academy's charity that protects and advocates for the health and well-being of people in music, has received its fifth consecutive 4-star rating from Charity Navigator, the largest evaluator of charities in the U.S. founded in 2001.
The rating is the highest possible rating and means MusiCares has exceeded industry standards for its area of work. MusiCares "adheres to sector best practices and executes its mission in a financially efficient way," the evaluator said.
From producers, songwriters, engineers, record label execs, to bus drivers, light tech individuals to singers we strive to assist as many people as we possibly can who fall within our eligibility and within our mission.
Our eligibility requirements: https://t.co/bkx6hhXL7F pic.twitter.com/v7UXwiILsg
— MusiCares (@MusiCares) March 5, 2019
Charity Navigator looks at two areas of performance: financial health as well as accountability and transparency. Only 11 percent of the charities rated have had at least five consecutive 4-star ratings, according to Charity Navigator.
"This exceptional designation from Charity Navigator sets MusiCares apart from its peers and demonstrates to the public its trustworthiness," the Charity Navigator added.
In a statement, the MusiCares said it provided more than $6.5 million to approximately 8,600 members of the music industry in the last fiscal year alone. The charity continued, "The largest number of clients served and dollars distributed in a single year in the charity's history and a new milestone. Across all of its programs and services, MusiCares has served close to 150,000 clients since 1989. To date, MusiCares has distributed more than $60 million to music people in need."