NEW DELHI: Grading of non-government organisations (NGOs) is likely to be a game changer in the non-profit arena in India. CRISIL, India's leading rating agency has recently evolved an NGO-specific evaluation process. In many countries, such as the USA, NGOs are rated by third parties and play a crucial role in attracting large donations.
CRISIL has recently graded two NGOs, HelpAge India was assigned a VO-1A grade, denoting 'very strong delivery capability and high financial proficiency', while SOS Children's Village (SOSCV) was given a 'VO-2A grade, which denotes 'strong delivery capability and high financial proficiency'.
V Srinivasan, COO, CRISIL, told TOI: "NGO grading is a distinct process from that of credit rating of companies. We grade NGOs based on their performance and financial proficiency."
Source: http://timesofindia.indiatimes.com/India/Grading-of-NGOs-likely-to-be-a-game-changer/articleshow/40045061.cms
CRISIL has recently graded two NGOs, HelpAge India was assigned a VO-1A grade, denoting 'very strong delivery capability and high financial proficiency', while SOS Children's Village (SOSCV) was given a 'VO-2A grade, which denotes 'strong delivery capability and high financial proficiency'.
V Srinivasan, COO, CRISIL, told TOI: "NGO grading is a distinct process from that of credit rating of companies. We grade NGOs based on their performance and financial proficiency."
Source: http://timesofindia.indiatimes.com/India/Grading-of-NGOs-likely-to-be-a-game-changer/articleshow/40045061.cms
