Food For The Poor, Inc.

The information on this page was last updated 5/2/2023. If you see errors or omissions, please email: [email protected]


Summary

Food For The Poor is one of the largest international relief and development organizations in the United States. Our work is motivated by our faith in God, spreading His unconditional love, regardless of race, wealth, or creed as we minister to those in desperate need in primarily 17 countries throughout the Caribbean and Latin America.

By providing lifesaving food, secure housing, clean water, healthcare, emergency relief, micro-enterprise projects and education opportunities, we are giving those in extreme poverty a chance at a better future, and showing them God's love. Join us.


Contact information

Mailing address:
Food For The Poor, Inc.
6401 Lyons Road
Coconut Creek, FL 33073

Website: foodforthepoor.org

Phone: 954-427-2222

Email: [email protected]


Organization details

EIN: 592174510

CEO/President: Ed Raine

Chairman: Mr. P. Todd Kennedy

Board size: 11

Founder: Mr. Ferdinand Mahfood

Ruling year: 1982

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Food For The Poor is God's instrument to help the materially poor and to renew the poor in spirit.

Our ministry is a reflection of our Lord's unconditional love - a love that surrenders all, that inspires trust and faith, and that embraces all people, regardless of race, status or creed.

It is also shaped by our belief that Christ is alive and can be served directly by serving those in greatest need. (Matthew 25:40)

For guidance and to maintain the purity of our mission, we stress the need for regular prayer. Through surrender, service and prayer, we seek a closer union with our Lord.


Mission statement

Our mission is to link the church of the First World with the church of the Third World in a manner that helps both the materially poor and the poor in spirit.

The materially poor are served by local churches, clergy and lay leaders who have been empowered and supplied with goods by Food For The Poor.

The poor in spirit are renewed by their relationship with and service to the poor through our direct ministry of teaching, encouragement and prayer.

Ultimately, we seek to bring both benefactors and recipients to a closer union with our Lord.


Statement of faith

Donor confidence score

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Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating289 of 111326 of 87
Fund acquisition rating820 of 111463 of 87
Resource allocation rating383 of 111431 of 87
Asset utilization rating30 of 11134 of 87

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%9%5%5%4%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%9%5%5%4%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%100%100%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%9%5%5%4%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%0%0%0%0%0%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%88%94%93%95%94%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%102%101%96%98%101%
Program output ratio Program output ratio =
Program services /
Total revenue
82%90%94%90%93%95%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-2%-1%4%2%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%-21%-14%42%36%-41%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
6%3%1%2%1%1%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.518.7313.069.4420.2529.77
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.241.391.341.441.512.59
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.9012.1517.4413.6030.6577.10
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
16.596.896.078.715.052.15
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.150.160.110.200.46
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.840.840.570.780.310.08
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%18%12%14%13%19%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%6%0%2%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
60%9%7%9%4%3%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$17,553,540$25,694,051$32,778,021$23,651,737$7,519,217
Receivables, inventories, prepaids$5,453,849$8,194,039$7,389,425$5,201,075$4,550,097
Short-term investments$18,262,095$15,689,034$13,294,489$528,399$286,083
Other current assets$0$0$0$0$0
Total current assets$41,269,484$49,577,124$53,461,935$29,381,211$12,355,397
Long-term investments$0$0$0$0$0
Fixed assets$11,368,640$11,697,438$11,747,939$12,090,855$14,849,816
Other long-term assets$4,773,567$4,921,586$11,797,218$3,003,290$4,798,512
Total long-term assets$16,142,207$16,619,024$23,545,157$15,094,145$19,648,328
Total assets$57,411,691$66,196,148$77,007,092$44,475,356$32,003,725
 
Liabilities20222021202020192018
Payables and accrued expenses$5,987,341$8,170,733$6,137,966$5,822,176$5,738,116
Other current liabilities$0$0$0$0$0
Total current liabilities$5,987,341$8,170,733$6,137,966$5,822,176$5,738,116
Debt$0$0$4,593,057$0$500,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$4,494,465$0$0$0$0
Total long-term liabilities$4,494,465$0$4,593,057$0$500,000
Total liabilities$10,481,806$8,170,733$10,731,023$5,822,176$6,238,116
 
Net assets20222021202020192018
Without donor restrictions$30,012,143$49,127,807$60,251,933$35,941,835$24,286,815
With donor restrictions$16,917,742$8,897,608$6,024,136$2,711,345$1,478,794
Net assets$46,929,885$58,025,415$66,276,069$38,653,180$25,765,609
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$490,774,351$856,411,954$754,904,577$911,914,789$941,949,169
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$581,447$184,514$107,258$2,704,660$115,148
Other revenue($54,818)$27,853($14,717)($137,150)$54,626
Total other revenue$526,629$212,367$92,541$2,567,510$169,774
Total revenue$491,300,980$856,624,321$754,997,118$914,482,299$942,118,943
 
Expenses20222021202020192018
Program services$442,324,984$809,301,143$677,019,670$852,254,311$897,871,889
Management and general$13,030,432$12,603,737$12,339,808$12,001,348$11,049,735
Fundraising$45,870,437$42,926,734$37,478,382$36,352,371$43,682,999
Total expenses$501,225,853$864,831,614$726,837,860$900,608,030$952,604,623
 
Change in net assets20222021202020192018
Surplus (deficit)($9,924,873)($8,207,293)$28,159,258$13,874,269($10,485,680)
Other changes in net assets$0$0$0$0$0
Total change in net assets($9,924,873)($8,207,293)$28,159,258$13,874,269($10,485,680)

Compensation

NameTitleCompensation
Edward RainePresident/CEO$344,902
Mark A KhouriEVP/COO$268,395
Natalie F CarlisleEVP/Chief Develop. Officer$255,006
Alvaro J PereiraEVP Church Alliance$254,726
Dennis A NorthEVP/CAO/CFO$221,375
Gail Hamaty-BirdEVP/Gen. Counsel/Secretary$211,365
Jeffrey AlexanderEVP/Chief Outcomes Officer$200,502
David WeissVP Major & Legacy Giving$189,880
Michael AntonFulfillment & QA Director$186,417
Michael R Chin QueeChurch Alliances Operation$177,412
Javier A RamirezProc & Fulfillment Directo$172,276
Carlton LewisDir. of Marketing Analytics$156,382
Ricardo MohammedDir, of Information Services$152,896
Frederick KhouriEVP Infrastructure & Risk Mgmt.(Former)$113,260

Compensation data as of: 12/31/2022


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 5/2/2023. To update the information below, please email: [email protected]


History

Since its inception in 1982, Food For The Poor has provided more than $17 billion in aid and has built more than 88,500 homes for the destitute.

The charity follows the principle that education and self-help must fortify charity work so recipients learn to break the cycle of poverty. FFP supports programs to teach recipients how to raise livestock, develop small businesses and provides agricultural assistance to independent farmers.

FFP was founded in 1982 by Ferdinand Mahfood. His vision was instrumental in guiding FFP as it became the most significant relief organization in the Caribbean and Central America. Robin Mahfood, who has extensive experience in business management and an in-depth knowledge of the Caribbean, assumed the Presidency/CEO role in 2000 and provides leadership for FFP during this time of explosive growth.

Created to help destitute people in Caribbean and Latin America, FFP has forged a spirit of cooperation between churches of the First World and churches of the Third World. FFP collects funds nationally, purchases goods cost-effectively on the world market, ships the items duty-free and arranges for their distribution to the poor through churches, missionaries and charity organizations in 17 countries.


Program accomplishments

2023 Impact:

8.5 million lifesaving meals provided

162 safe & secure homes built

124 tractor-trailers of aid delivered


Needs

Currently, there are numerous opportunities to support the work of FFTP. One can utilize the charity's gift catalog to provide for essential needs of families helped by FFTP. Through the Angels Of Hope child sponsorship program, slightly more dollar a day will help support a child. Through Angels of the Poor program, one can express their ongoing concern for the most disadvantaged of God's children. Tribute gifts and matching gifts are also encouraged. To learn of other ways to help, visit the "Help Now" section of the website.