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
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Relief and Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 347 of 1118 | 26 of 94 |
| Fund acquisition rating | | 806 of 1119 | 64 of 94 |
| Resource allocation rating | | 504 of 1119 | 33 of 94 |
| Asset utilization rating | | 27 of 1118 | 5 of 94 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
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 ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 86% | 88% | 94% | 93% | 95% | 94% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 102% | 101% | 96% | 98% | 101% |
Program output ratio Program output ratio = Program services / Total revenue | 86% | 90% | 94% | 90% | 93% | 95% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | -2% | -1% | 4% | 2% | -1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | -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 ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.42 | 8.73 | 13.06 | 9.44 | 20.25 | 29.77 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.23 | 1.39 | 1.34 | 1.44 | 1.51 | 2.59 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.89 | 12.15 | 17.44 | 13.60 | 30.65 | 77.10 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 15.79 | 6.89 | 6.07 | 8.71 | 5.05 | 2.15 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.15 | 0.16 | 0.11 | 0.20 | 0.46 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.00 | 0.84 | 0.57 | 0.78 | 0.31 | 0.08 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
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 | 62% | 9% | 7% | 9% | 4% | 3% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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 assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| 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
| Name | Title | Compensation |
| Edward Raine | President/CEO | $344,902 |
| Mark A Khouri | EVP/COO | $268,395 |
| Natalie F Carlisle | EVP/Chief Develop. Officer | $255,006 |
| Alvaro J Pereira | EVP Church Alliance | $254,726 |
| Dennis A North | EVP/CAO/CFO | $221,375 |
| Gail Hamaty-Bird | EVP/Gen. Counsel/Secretary | $211,365 |
| Jeffrey Alexander | EVP/Chief Outcomes Officer | $200,502 |
| David Weiss | VP Major & Legacy Giving | $189,880 |
| Michael Anton | Fulfillment & QA Director | $186,417 |
| Michael R Chin Quee | Church Alliances Operation | $177,412 |
| Javier A Ramirez | Proc & Fulfillment Directo | $172,276 |
| Carlton Lewis | Dir. of Marketing Analytics | $156,382 |
| Ricardo Mohammed | Dir, of Information Services | $152,896 |
| Frederick Khouri | EVP 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.