Attack Poverty

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 6/22/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

We are a global organization that serves locally, adopting pockets of poverty and launching what we call 'Friends Communities'. These communities are long-term commitments that require mutual relationships and collaborative efforts with local organizations, churches, residents, and stakeholders committed to community transformation. Our community programs include: in-school student support, after school programs, literacy, Adult GED completion, English as a Second Language classes, job readiness training and home repair.


Contact information

Mailing address:
Attack Poverty
3727 Greenbriar Dr
Suite 100
Stafford , TX 77477

Website: attackpoverty.org

Phone: 832-847-4379

Email: info@attackpoverty.org


Organization details

EIN: 452401548

CEO/President: Brandon Baca

Chairman: Pete Rigsby

Board size: 7

Founder: Richard Logan

Year founded: 2011

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2015


Purpose

Our vision is to empower people to attack poverty in their life and community by strengthening under-resourced communities through spiritual growth, education, revitalization, and basic needs.

Attack Poverty:

Attack - "To begin to deal with a problem or task in a determined and vigorous way"

Poverty - "Powerless, disenfranchised, lacking well-being and the resources to obtain well-being"

There are two types of poverty: Situational and Generational. We focus on breaking the cycle of generational poverty. Generational poverty cannot be changed with small, soft-hearted plans. It must be directly addressed with great intention through mutual relationships. Generational poverty is a complicated spiritual, relational, mental-attitude, educational and financial issue.


Mission statement

Strengthen under-resourced communities through spiritual growth, education, revitalization and basic needs.


Statement of faith

We believe...

One God, to be Creator and Ruler of the universe; He has always existed outside of the boundaries of time and has shown Himself in history in three distinct persons - God the Father, God the Son (Jesus) and God the Holy Spirit- these three distinctions form the Trinity.

Jesus is the Son of God, sent to earth to be the sinless sacrifice for our sins. He was both fully human and fully God. He was at the creation of the world, and by Him, all things were made. He rose from the dead after three days, and has complete power over sin and death. He will return one day to complete God's plan of redemption for all who believe, as well as creation itself.

The Salvation of lost and sinful mankind through the shed blood of Jesus Christ by faith alone.

The Holy Spirit is the third distinct member of the Trinity, co-equal to God and Jesus. He has been presented to this world to convict mankind of his sin, and make them aware of their need for Christ. He is present and active in each person from the moment they believe in Jesus as their Savior, and gives us power to defeat sin and the ability to understand God's truth.

The Bible is the story of the redemption of mankind by God. It is the inspired, infallible, authoritative Word of God. We believe the entire Bible points to the work and person of Jesus Christ.

The Unity of the Spirit of all true believers, the Church, the body of Christ. It is God's primary and intended instrument to serve the poor and bring about community transformation.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating181 of 9119 of 44
Fund acquisition rating149 of 9137 of 44
Resource allocation rating290 of 91314 of 44
Asset utilization rating443 of 91123 of 44

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%4%4%11%13%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%4%4%11%13%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
79%98%99%99%98%101%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%7%5%12%12%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
21%2%1%1%2%-1%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%87%84%68%66%48%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%56%80%93%110%103%
Program output ratio Program output ratio =
Program services /
Total revenue
77%48%67%64%73%49%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%44%20%7%-10%-3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%61%40%7%-9%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%7%12%19%22%52%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.750.751.420.800.810.63
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.881.282.155.308.477.32
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.690.963.054.256.884.64
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.25189.4273.799.106.010.99
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.010.010.110.171.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.7012.433.882.511.45-0.03
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
14%3%8%14%15%14%
Debt ratio Debt ratio =
Debt /
Total assets
4%3%7%12%13%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
90%129%65%107%104%136%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$1,378,833$980,401$262,447$154,015$186,795
Receivables, inventories, prepaids$3,133,425$12,514$3,802$0$900
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$4,512,258$992,915$266,249$154,015$187,695
Long-term investments$0$0$0$0$0
Fixed assets$1,274,651$1,137,241$1,145,102$1,150,162$1,185,934
Other long-term assets$5,897$6,120$280$280$280
Total long-term assets$1,280,548$1,143,361$1,145,382$1,150,442$1,186,214
Total assets$5,792,806$2,136,276$1,411,631$1,304,457$1,373,909
 
Liabilities20192018201720162015
Payables and accrued expenses$23,822$13,456$29,253$25,636$190,055
Other current liabilities$0$0$0$0$0
Total current liabilities$23,822$13,456$29,253$25,636$190,055
Debt$151,095$158,040$164,652$172,131$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$23,796$3,706$1,160$669$0
Total long-term liabilities$174,891$161,746$165,812$172,800$0
Total liabilities$198,713$175,202$195,065$198,436$190,055
 
Net assets20192018201720162015
Without donor restrictions$1,415,182$1,660,390$1,216,566$1,106,021$1,183,854
With donor restrictions$4,178,911$300,684$0$0$0
Net assets$5,594,093$1,961,074$1,216,566$1,106,021$1,183,854
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$7,618,255$3,771,954$1,204,098$946,499$848,300
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$14,089$170$19$18$0
Other revenue$121,067$37,832$9,531$18,667($6,147)
Total other revenue$135,156$38,002$9,550$18,685($6,147)
Total revenue$7,753,411$3,809,956$1,213,648$965,184$842,153
 
Expenses20192018201720162015
Program services$3,751,480$2,533,883$773,391$703,710$413,994
Management and general$283,048$353,228$220,295$230,560$457,134
Fundraising$298,651$144,769$138,166$125,197$0
Total expenses$4,333,179$3,031,880$1,131,852$1,059,467$871,128
 
Change in net assets20192018201720162015
Surplus (deficit)$3,420,232$778,076$81,796($94,283)($28,975)
Other changes in net assets$0$0$0$0$0
Total change in net assets$3,420,232$778,076$81,796($94,283)($28,975)

Compensation

NameTitleCompensation
Richard James LoganPresident & CEO$126,046

Compensation data as of: 6/30/2019


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 6/22/2021. To update the information below, please email: info@ministrywatch.com


History

In 2009, Richard Logan became the Missions Pastor at River Pointe Church and began to research areas in close proximity to his church with a high concentration of need. One day, he got in his car and just began to drive. Remembering people talking, several years back, about an "at-risk" area on the North side of the railroad tracks in downtown Richmond; Richard decided to go and take a look for himself. He was so moved by the need and possibilities for the church to partner with others in the community to bring about lasting transformation. After many conversations with city leaders, stakeholders and local residents, and pastors, Friends of North Richmond was born! The following year, Friends of Uganda was launched. In an effort to mobilize more churches and set the stage for future growth, Attack Poverty was founded by Richard Logan in 2011 and was granted 501c3 status! We are excited for all that God has in store as we look to the future and empower people to attack poverty in their life and community!


Program accomplishments


Needs