Food for the Poor Inc

Analysis

Food for the Poor Inc is a registered charity in United States, based in Coconut Creek, FL. It received its IRS tax-exemption ruling in June 1982, 44 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Food for the Poor Inc reported income of $453.9m and spending of $468.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $914.5m to $453.9m (-50%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Food for the Poor Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Convoy of Hope ($435.6m), Feed the Children Inc ($502.0m) and Heart to Heart International Inc ($410.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $2.3m (0.5% of expenses). Other salaries and wages came to $22.5m. It paid $341k in professional fundraising fees. At year end it held assets of $43.5m against liabilities of $10.9m, net assets of $32.6m. It reported 403 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.