Food for the Poor
Meets Standards

Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Food for the Poor meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to bring urgent relief to vulnerable families affected by poverty."
Year, State Incorporated:
1982, FL
Food for the Poor (FFTP) conducts relief and development programs primarily in the Caribbean, South America, and Latin America by providing assistance in the form of cash and non-cash grants to churches and charitable organizations operating in these areas. FFTP ships medicine, medical supplies, and equipment that help maintain clinics, hospitals, and medical care centers to provide medical care to poverty-stricken children and families. The organization distributes aid to support the feeding, clothing, and sheltering of the poor. FFTP funds water wells, agricultural tools, seeds, training, fruit tree nurseries and animal husbandry projects.
For the year ended December 31, 2023, Food for the Poor's program expenses were:
Educational: $7,562,842
Basic needs: $129,805,135
Healthcare: $239,278,574
Community support and development: $41,165,898
Total Program Expenses: $417,812,449
Chief Executive
Edward Raine, President and Chief Executive Officer
Compensation*
$345,941
Chair of the Board
P. Todd Kennedy
Chair's Profession / Business Affiliation
Attorney
Board Size
11
Paid Staff Size
403
*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Special events, Telemarketing, Foundation grants, Corporate solicitation
Fundraising costs were 8% of related contributions. (Related contributions, which totaled $453,293,765, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Food for the Poor's audited financial statements for the year ended December 31, 2023.
Source of Funds
Contributions | $120,630,550 |
In-kind contributions | $332,663,215 |
Investment gain | $745,520 |
Other income | $81,133 |
Total Income | $454,120,418 |
Programs: 89% Fundraising: 8% Administrative: 3%
Total Income | $454,120,418 |
Total expenses: | $468,471,199 |
Program expenses | $417,812,449 |
Fundraising expenses | $37,211,289 |
Administrative expenses | $13,447,461 |
Other expenses | $0 |
Income in Excess of Expenses | $-14,350,781 |
Beginning Net Assets | $46,929,885 |
Other Changes In Net Assets | $0 |
Ending Net Assets | $32,579,104 |
Total Liabilities | $10,895,994 |
Total Assets | $43,475,098 |
Note: According to FFTP's 2023 audited financial statements, the organization received in-kind contributions totaling $332,663,215 in the form of pharmaceutical items ($140,359,010), medical supplies and equipment ($77,471,161), food items ($36,154,356), clothing ($31,386,761), household goods ($18,555,504), personal care items ($13,526,618), building materials ($9,986,779), other items ($2,134,190), educational items ($1,577,639), and cleaning and sanitization items ($1,511,197).
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
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