Food for the Hungry, Inc.

Summary

Food for the Hungry, Inc. ("FOOD") is an international organization that exists to fulfill the God-given mandate to help people overcome both physical and spiritual hunger (Isaiah 58). FOOD aspires to follow the Biblical example of community to community, preaching, teaching, and healing (Matthew 9:35-38). FOOD's operates integrated, child-focused development and relief programs in more than 25 countries in Asia, Africa, and Latin America. Food for the Hungry also responds to natural disasters (such as famines and earthquakes) and man-made disasters (such as war). Food for the Hungry is an international partnership raising funds in Canada, Hong Kong, Japan, Korea, Norway, Singapore, Switzerland, the United Kingdom, and the United States. Support comes from individuals, churches, foundations, businesses, the United Nations, and several government sources.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Contact information

Mailing address:
1224 E. Washington St.
Phoenix, AZ 85034-1102

Website: www.fh.org

Phone: (480) 998-3100

Email: hunger@fh.org


Organization details

EIN: 952680390

CEO/President: Mr. David Evans

Chairman: Mr. Larry Jones

Board size: 12

Founder: Dr. Larry Ward

Year founded: 1971

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: Yes

Member of ECFA since: 1980


Purpose

Food for the Hungry, Inc. ("FOOD") is an international organization that exists to fulfill the God-given mandate to help people overcome both physical and spiritual hunger (Isaiah 58). FOOD aspires to follow the Biblical example of community to community, preaching, teaching, and healing (Matthew 9:35-38). Motivated by Christ's love, the international partnership of Food for the Hungry exists to meet both physical and spiritual hungers of the poor. This purpose is met by speaking out to all people about physical and spiritual hungers, sending people to share Christ's love, and facilitating emergency relief and sustainable development.

FOOD operates integrated, child-focused development and relief programs in more than 25 countries in Asia, Africa, and Latin America. Food for the Hungry also responds to natural disasters (such as famines and earthquakes) and man-made disasters (such as war). FOOD achieves its goals by partnering with and serving the Body of Christ in its mission to follow the Lord and Savior Jesus Christ in working with the poor and oppressed to promote human transformation, seek justice, and bear witness to the Good News.

Food for the Hungry is an international partnership raising funds in Canada, Hong Kong, Japan, Korea, Norway, Singapore, Switzerland, the United Kingdom, and the United States. Support comes from individuals, churches, foundations, businesses, the United Nations, and several government sources.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Mission statement

Food for the Hungry uses the following to communicate its mission:

Food for the Hungry is an international organization of Christian motivation, committed to working with poor people to overcome hunger and poverty through integrated self-development and relief programs. Relief efforts include famines in Africa, typhoons in Southeast Asia, floods in the United States, and earthquakes in Central America.


Statement of faith

Food for the Hungry uses the following to express its Statement of Faith:

  • We believe the Bible to be the inspired, the only infallible, authoritative Word of God.
  • We believe that there is one God, eternally existent in three persons: Father, Son and Holy Spirit.
  • We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and in His personal return in power and glory.
  • We believe that for the salvation of lost and sinful people, regeneration by the Holy Spirit is absolutely essential.
  • We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life.
  • We believe in the resurrection of both the saved and the lost; they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation.
  • We believe in the spiritual unity of believers in our Lord Jesus Christ.

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating236 of 49445 of 65
Fund acquisition rating408 of 49456 of 65
Resource allocation rating262 of 49447 of 65
Asset utilization rating68 of 49417 of 65

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%12%14%12%12%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%12%14%12%12%11%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%99%100%99%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%13%14%13%12%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%1%0%1%0%0%
 
Operating ratiosMedian % for
all ministries in
MW database
20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%81%81%83%84%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%96%98%95%97%99%
Program output ratio Program output ratio =
Program services /
Total revenue
80%78%80%79%81%82%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%4%2%5%3%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%20%13%31%31%6%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%6%5%4%4%6%
 
Investing ratiosMedian measure
for all ministries
in MW database
20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.193.563.923.985.686.26
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.521.351.351.401.571.97
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.314.795.285.578.9012.35
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.123.872.922.842.471.87
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.260.340.350.400.54
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.411.861.501.400.800.45
 
Solvency ratiosMedian % for
all ministries in
MW database
20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%26%32%31%33%36%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%1%2%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
70%21%17%17%12%10%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$13,751,375$11,503,099$16,346,150$9,988,303$5,186,463
Receivables, inventories, prepaids$6,019,939$7,151,928$5,683,728$3,640,723$2,412,189
Short-term investments$6,993,893$4,477,562$18,504$333,283$435,369
Other current assets$3,568,560$3,568,560$0$0$0
Total current assets$30,333,767$26,701,149$22,048,382$13,962,309$8,034,021
Long-term investments$4,295,604$4,295,604$4,295,604$4,295,604$4,295,604
Fixed assets$3,355,694$2,032,392$1,775,534$1,964,989$2,076,757
Other long-term assets$2,845,738$2,924,282$2,718,917$1,647,248$1,440,827
Total long-term assets$10,497,036$9,252,278$8,790,055$7,907,841$7,813,188
Total assets$40,830,803$35,953,427$30,838,437$21,870,150$15,847,209
 
Liabilities20192018201720162015
Payables and accrued expenses$5,143,132$6,194,375$5,200,200$4,772,855$3,305,917
Other current liabilities$2,700,577$2,946,988$2,563,179$880,318$996,666
Total current liabilities$7,843,709$9,141,363$7,763,379$5,653,173$4,302,583
Debt$0$24,832$66,479$156,774$311,018
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$2,741,170$2,442,660$1,662,190$1,385,514$1,047,083
Total long-term liabilities$2,741,170$2,467,492$1,728,669$1,542,288$1,358,101
Total liabilities$10,584,879$11,608,855$9,492,048$7,195,461$5,660,684
 
Net assets20192018201720162015
Unrestricted$14,455,976$9,877,657$8,835,779$3,911,434$956,481
Temporarily restricted$15,789,948$13,966,915$12,010,610$10,263,255$8,730,044
Permanently restricted$0$500,000$500,000$500,000$500,000
Net assets$30,245,924$24,344,572$21,346,389$14,674,689$10,186,525
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$149,604,240$143,363,180$128,550,130$128,731,943$99,325,949
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$378,668$224,264$240,731$167,152($13,098)
Other revenue$1,201,087$406,560$663,243($178,965)$473,019
Total other revenue$1,579,755$630,824$903,974($11,813)$459,921
Total revenue$151,183,995$143,994,004$129,454,104$128,720,130$99,785,870
 
Expenses20192018201720162015
Program services$118,038,252$114,679,259$101,892,993$103,909,922$82,100,467
Management and general$8,528,864$6,606,978$5,364,357$4,967,589$6,008,904
Fundraising$18,587,561$19,655,790$15,525,054$15,354,455$11,087,076
Total expenses$145,154,677$140,942,027$122,782,404$124,231,966$99,196,447
 
Change in net assets20192018201720162015
Surplus (deficit)$6,029,318$3,051,977$6,671,700$4,488,164$589,423
Other changes in net assets($127,966)($53,794)$0$0$0
Total change in net assets$5,901,352$2,998,183$6,671,700$4,488,164$589,423

Response from ministry

No response has been provided by this ministry.


History

Larry Ward, Ph.D., founded the organization in 1971, with offices in southern California. He moved the offices to Arizona in 1974.

Early projects included helping refugees in war-torn Bangladesh, earthquake victims in Nicaragua, and hungry and needy people in Haiti and West Africa. Hunger Corps, the people-sending division of Food for the Hungry, began in 1979.

Dr. Larry Ward retired in 1984 and Ted Yamamori, Ph.D., became president. As a young child, Yamamori had his own near-starvation experience at the end of World War II in Japan. He survived, thanks to the kindness of strangers.

In January 2000, Dr. Yamamori, publicly announced his plans for retirement, after serving as president of both organizations since 1984. On December 4, 2000, Randall L. Hoag was announced as the president of Food for the Hungry International (FHI), and Benjamin K. Homan as the president of Food for the Hungry, Incorporated (FH, Inc.).

Randy Hoag served as executive vice-president of Food for the Hungry International beginning in 1996. He began his career with Food for the Hungry in 1983 as a volunteer and later served as country director of Bolivia from 1987 to 1991.

Ben Homan came to Food for the Hungry after serving as vice president at Covenant Theological Seminary in St. Louis, Missouri, where he served since 1988


Program accomplishments

FOOD's accomplishments and activity is through: Child sponsorship, emergency relief and rehabilitation, community clean water projects, health education and intervention, agriculture development, income generation, skills training and education.

Staff also work with indigenous organizations to help them better serve the needs of people in their own communities. Missions opportunities are offered through Food's longer-term assignments with its Hunger Corps program. Ongoing programs and/or Hunger Corps staff are doing ongoing development work in: Bangladesh, Bolivia, Cambodia, China, Congo (formerly Zaire), Dominican Republic, Ethiopia, Guatemala, Honduras, Kenya, Laos, Mozambique, Nicaragua, Peru, Philippines, Romania, Rwanda, Tanzania, Thailand, Uganda, Vietnam.

Relief services and/or commodities are going to: Angola, Bosnia, Brazil, Former Soviet Union, Mongolia, North Korea, United States of America.


Needs

Food for the Hungry, Inc. uses the following to express some of its Ministry Needs:

DONATE

  • $20 - To feed and education a hurting child for an entire month.
  • $48 - To provide safe drinking water in a remote village for 10 people.
  • $75 - Will supply hearty breakfasts to 50 school-aged children.
PRAY
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