Missionary Flights International 
The information on this page was last updated 8/27/2025. If you see errors or omissions, please email: [email protected]
Summary
Through MFI, missionaries arrive closer to the communities that they serve. Increasing the safety of their travel and time spent in service.
Contact information
Mailing address:
Missionary Flights International
3170 Airmans Drive
Fort Pierce, FL 34946
Website: www.missionaryflights.org
Phone: 772-462-2395
Email: [email protected]
Organization details
EIN: 237199063
CEO/President: Joe Karabensh
Chairman: Harold Martin
Board size: 12
Founder: Don Beldin
Ruling year: 1973
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
Through MFI, missionaries arrive closer to the communities that they serve. Increasing the safety of their travel and time spent in service.
Mission statement
To spread the Good News of Jesus Christ in partnership with Bible-centered missions by providing reliable transportation and logistical services.
Statement of faith
We believe the Bible to be the inspired, the infallible, authoritative Word of God.
We believe that there is one God, eternally existent in three persons, Father, Son, and Holy Spirit.
We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and in His personal return in power and glory.
We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life.
We believe in the resurrection of both the saved and the lost; they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation.
We believe in the spiritual unity of believers in Christ.
We believe that all redeemed ones are called into a life of separation from all worldly and sinful practices.
We believe in the personal and imminent return of our Lord Jesus Christ for His redeemed ones; that this blessed hope has a purifying influence on the personal life of the believer.
We believe that the Great Commission is a mandate to every believer to proclaim the gospel of Jesus Christ to every creature.
Donor confidence score
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Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Mission Aviation
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 442 of 1338 | 3 of 8 |
| Fund acquisition rating | | 390 of 1338 | 1 of 8 |
| Resource allocation rating | | 56 of 1338 | 1 of 8 |
| Asset utilization rating | | 1220 of 1340 | 8 of 8 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 5% | 3% | 2% | 0% | 1% | 1% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 2% | 1% | 0% | 1% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 79% | 64% | 66% | 61% | 57% | 64% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 2% | 2% | 0% | 1% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 21% | 36% | 34% | 39% | 43% | 36% |
| Operating ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Program expense ratio Program expense ratio = Program services / Total expenses | 77% | 91% | 93% | 95% | 95% | 96% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 78% | 70% | 87% | 100% | 118% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 71% | 65% | 83% | 94% | 113% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | 22% | 30% | 13% | 0% | -18% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | 10% | 18% | 8% | 0% | -56% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 15% | 7% | 6% | 5% | 5% | 4% |
| Investing ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.53 | 0.35 | 0.38 | 0.47 | 0.44 | 2.01 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.27 | 5.39 | 15.15 | 9.24 | 4.01 | 2.76 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.66 | 1.86 | 5.81 | 4.38 | 1.78 | 5.55 |
| Liquidity ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Current ratio Current ratio = Total current assets / Total current liabilities | 24.25 | 2.80 | 1.14 | 0.99 | 1.16 | 1.11 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.04 | 0.36 | 0.88 | 1.01 | 0.86 | 0.90 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.91 | 4.14 | 0.25 | -0.02 | 0.94 | 0.22 |
| Solvency ratios | Sector median | 2024 | 2023 | 2022 | 2021 | 2020 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 7% | 7% | 8% | 11% | 24% | 44% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 2% | 12% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 173% | 270% | 240% | 188% | 172% | 28% |
Financials
| Balance sheet | |||||
| Assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Cash | $1,879,725 | $408,780 | $629,105 | $2,091,871 | $626,852 |
| Receivables, inventories, prepaids | $107,382 | $65,305 | $174,196 | $178,572 | $219,961 |
| Short-term investments | $189,700 | $226,980 | $171,024 | $146,700 | $49,726 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,176,807 | $701,065 | $974,325 | $2,417,143 | $896,539 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $9,500,321 | $9,769,460 | $8,027,123 | $7,270,718 | $1,574,313 |
| Other long-term assets | $48,589 | $152,585 | $0 | $0 | $0 |
| Total long-term assets | $9,548,910 | $9,922,045 | $8,027,123 | $7,270,718 | $1,574,313 |
| Total assets | $11,725,717 | $10,623,110 | $9,001,448 | $9,687,861 | $2,470,852 |
| Liabilities | 2024 | 2023 | 2022 | 2021 | 2020 |
| Payables and accrued expenses | $118,153 | $874 | $4,786 | $23,947 | $412 |
| Other current liabilities | $659,398 | $616,214 | $977,758 | $2,055,764 | $805,983 |
| Total current liabilities | $777,551 | $617,088 | $982,544 | $2,079,711 | $806,395 |
| Debt | $0 | $0 | $0 | $218,917 | $284,980 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $228,818 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $228,818 | $0 | $218,917 | $284,980 |
| Total liabilities | $777,551 | $845,906 | $982,544 | $2,298,628 | $1,091,375 |
| Net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Without donor restrictions | $0 | $0 | $0 | $0 | $0 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $10,948,166 | $9,777,204 | $8,018,904 | $7,389,233 | $1,379,477 |
| Revenues and expenses | |||||
| Revenue | 2024 | 2023 | 2022 | 2021 | 2020 |
| Total contributions | $3,310,701 | $3,833,919 | $2,975,743 | $2,454,715 | $2,694,663 |
| Program service revenue | $1,571,650 | $1,894,137 | $1,731,920 | $1,735,038 | $1,491,728 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $44,726 | $24,813 | $2,321 | $41,906 | $32,063 |
| Other revenue | $274,531 | $60,759 | $177,796 | $80,371 | ($15,356) |
| Total other revenue | $1,890,907 | $1,979,709 | $1,912,037 | $1,857,315 | $1,508,435 |
| Total revenue | $5,201,608 | $5,813,628 | $4,887,780 | $4,312,030 | $4,203,098 |
| Expenses | 2024 | 2023 | 2022 | 2021 | 2020 |
| Program services | $3,688,303 | $3,772,023 | $4,034,357 | $4,060,176 | $4,750,674 |
| Management and general | $277,311 | $235,112 | $221,377 | $203,016 | $206,157 |
| Fundraising | $93,111 | $63,396 | $13,378 | $33,145 | $15,804 |
| Total expenses | $4,058,725 | $4,070,531 | $4,269,112 | $4,296,337 | $4,972,635 |
| Change in net assets | 2024 | 2023 | 2022 | 2021 | 2020 |
| Surplus (deficit) | $1,142,883 | $1,743,097 | $618,668 | $15,693 | ($769,537) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,142,883 | $1,743,097 | $618,668 | $15,693 | ($769,537) |
Compensation
| Name | Title | Compensation |
| Joe Karabensh | President | $90,896 |
| Roger Sands | Vice President Secretary and Treasurer | $73,800 |
| Larry Campbell | Vice President | $47,850 |
| Frank McLaughlin | Director | $21,163 |
| Richard Snook | Director | $12,000 |
Compensation data as of: 12/31/2024
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 8/27/2025. To update the information below, please email: [email protected]
History
Don Beldin was just one man flying a small single-engine airplane in the 1960s for Youth for Christ evangelism in the Bahamas. Responding to need, Don began transporting other missionaries and equipment in his plane. In 1964, the Lord guided Don to incorporate Missionary Flights International (MFI) to meet the growing needs of Bible-centered missions. The need for air service increased, so MFI acquired larger planes and added new countries.
After 42 years in West Palm Beach, MFI moved to Fort Pierce, FL in 2006. Today, MFI operates out of two hangars flying turbine-powered DC-3s to meet the needs of over 600 missions in the Bahamas, Haiti, and the Dominican Republic, and wherever the Lord directs. About 300 tons of cargo and 4,000 Christian workers are transported every year.