Yvain comments on Efficient Charity: Do Unto Others... - Less Wrong
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Charity Navigator admits "We do not currently evaluate the quality of the programs and services a charity provides. As soon as we develop a methodology for doing so, we will. For now, however, we limit our ratings to an analysis of a charity's financial health."
As such, I don't see them as really in the same business as GiveWell. They're useful for avoiding getting scammed, but not for maximizing the efficiency of your charitable giving.
I've awkwardly added a link to Navigator in the article, but think I'll continue to link GiveWell.