Is Friends Of Ofanim Inc Legit?

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.