Quick charity verification for Friends Of Ofanim Inc (EIN: 202749756)
Verdict: Friends Of Ofanim Inc appears trustworthy
90/100Mission Score
$2.0MRevenue
$5.2MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $633,453 in 2014 to $2,189,785 in 2023.
Strong financial stability with assets of $5,322,174 significantly exceeding liabilities of $5,376 in 2023.
No reported officer compensation across all available filings, indicating a high commitment to mission-focused spending.
Healthy asset accumulation over time, growing from $1,901,017 in 2014 to over $5 million in 2023.
Low liabilities relative to assets, demonstrating fiscal prudence and minimal debt burden.
Spending Breakdown
How Friends Of Ofanim Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Friends Of Ofanim Inc
Is Friends Of Ofanim Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Ofanim Inc (EIN: 202749756) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Friends Of Ofanim Inc a good charity to donate to?
Friends Of Ofanim Inc has a Mission Score of 90/100. Revenue: $2.0M. Assets: $5.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of Ofanim Inc?
The Employer Identification Number (EIN) for Friends Of Ofanim Inc is 202749756. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Friends Of Ofanim Inc spend its money?
Friends Of Ofanim Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of Ofanim Inc's tax-exempt status?
You can verify Friends Of Ofanim Inc's tax-exempt status using EIN 202749756 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Friends Of Ofanim Inc demonstrates a generally healthy financial position with consistent revenue growth over the past decade, reaching $2,189,785 in 2023. The organization maintains substantial assets, totaling $5,322,174 in 2023, significantly exceeding its liabilities of $5,376 in the same period, indicating strong financial stability. A notable aspect of their financial management is the absence of reported officer compensation across all available filings, which suggests a commitment to directing funds towards their mission rather than executive salaries. While specific program spending ratios are not provided in the raw data, the overall expense trends relative to revenue suggest efficient operations.
The organization's revenue has shown a positive trend, with a significant increase from $633,453 in 2014 to over $2 million in recent years, indicating growing support. Expenses have also increased, but generally at a rate that allows for asset growth. The very low liabilities in recent years (e.g., $5,376 in 2023) are a strong indicator of fiscal prudence and minimal debt burden. The lack of officer compensation is a significant positive for transparency and donor confidence, as it implies a volunteer-led or very lean administrative structure at the top.