CEO Dr. Gordon Loux cited a “perfect storm” of fiscal hardship: “We have tried to turn it around and we’ve sent out a number of appeals,” he said. “But because of the West Michigan economy and because of donor fatigue of most organizations trying to raise funds, we’ve got the perfect storm.”
In May, longtime CEO and president Myles Fish resigned, citing a restructuring plan focused on handling decreased levels of giving. According to Charity Navigator, International Aid was a model of efficiency in 2007, with 95% of funds being directed to program expenses and garnering a four star rating for both organizational efficiency and organizational capacity.
Founded in 1980, International Aid, “a Christian-based organization known for helping millions around the world, particularly in developing countries hit hard by natural disasters,” received about 40% of its revenue from individual contributions, with foundation support accounting for just over a quarter of support.
Background: “Global Giving and Local Needs”