Pittsburgh nonprofits robust financially, report says
The biggest nonprofit groups in the Pittsburgh area are rolling in dough, according to a report released on Tuesday by a charity watchdog.
The report from Charity Navigator included 50 of the biggest nonprofits in the area. It ranked them first nationally in financial health and fifth overall when including transparency and accountability.
“Pittsburgh charities have quite a healthy rainy day fund, with roughly a year-and-a-half worth of funds on hand,” Sandra Miniutti, vice president of Charity Navigator in Glen Rock, N.J.
The report gathered data from the nonprofits' tax documents and websites.
Miniutti said Pittsburgh nonprofits received high marks for being financially efficient, with the bulk of money they raised going to their missions. Last year, Pittsburgh ranked 14th in financial health and seventh in the overall ranking.
“It looks like charities in Pittsburgh were able to bring in more revenue,” Miniutti said. “That's certainly commendable for nonprofit leaders in this tough economy.”
Pittsburgh was 26th of 30 markets surveyed in transparency and accountability. It fell behind the national average in the percentage of nonprofits listing board members and making audits and federal income tax returns available.
St. Louis was first in the overall ranking. Philadelphia was 13th.
Bill Zlatos is a Trib Total Media staff writer.
Show commenting policy
TribLive commenting policy
- Pirates acquire infielder from Indians, designate Axford, Gomez for assignment
- Linebacker Harrison coming along slowly since return to Steelers
- Flight 93 memorial fire hints at struggle to safeguard historic artifacts
- Fábregas: Cancer-stricken California woman chooses to plan her death
- Steelers notebook: Shazier returns just in time
- Pa. to monitor travelers from West Africa for Ebola virus
- Pens look to buck shots, goals trend
- Police investigate 2 shootings in Washington County, one of them fatal
- Man robbed, shot in East Liberty
- Penguins notebook: Carcillo has no hard feelings after failing to make roster
- Penn State seeks recruiting win in ‘whiteout’ game