AI Transparency Report
Wafa House Inc. demonstrates consistent growth in revenue and expenses over the past decade, indicating an expanding operational scope. For instance, revenue grew from $216,689 in 2014 to $1,527,596 in 2023. The organization generally operates with expenses closely tracking revenue, sometimes exceeding it, as seen in 2023 where expenses were $1,651,336 against $1,527,596 in revenue, leading to a deficit. This suggests a tight financial margin and reliance on current funding for operations. The asset base has also grown significantly, from $67,456 in 2014 to $278,784 in 2023, though it remains relatively modest compared to its annual revenue, indicating limited reserves. The consistent reporting of 0% officer compensation across all filings suggests a commitment to directing funds towards programs, or that executive roles are filled by volunteers or compensated through other means not classified as officer compensation on the 990. Further details on program spending efficiency would require a deeper dive into their functional expense breakdown, which is not provided in this summary.