Friends Of Ofanim Inc
Friends Of Ofanim Inc shows strong financial growth and stability with no reported officer compensation.
EIN: 202749756 · Wayne, PA · NTEE: Q33 · Updated: 2026-03-28
Is Friends Of Ofanim Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Ofanim Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Ofanim Inc
Friends Of Ofanim Inc (EIN: 202749756) is a nonprofit organization based in Wayne, PA, classified under NTEE code Q33. The organization reported total revenue of $2.0M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Ofanim Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Ofanim Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Ofanim Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Friends Of Ofanim Inc consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size with over $2 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Friends Of Ofanim Inc:
- 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.
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 legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Friends Of Ofanim Inc spend its money?
Friends Of Ofanim Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Ofanim Inc tax-deductible?
Friends Of Ofanim Inc is registered as a tax-exempt nonprofit (EIN: 202749756). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of Ofanim Inc a good charity?
Based on the provided financial data, Friends Of Ofanim Inc appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, substantial assets relative to liabilities, and a notable commitment to directing funds towards its mission by reporting no officer compensation.
How has Friends Of Ofanim Inc's revenue changed over time?
Friends Of Ofanim Inc has experienced significant revenue growth, increasing from $633,453 in 2014 to $2,189,785 in 2023, indicating growing donor support and organizational expansion.
What is the organization's financial stability?
The organization exhibits strong financial stability, with assets of $5,322,174 in 2023 significantly outweighing liabilities of $5,376, demonstrating a healthy balance sheet and minimal debt.
Filing History
IRS 990 filing history for Friends Of Ofanim Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Ofanim Inc's revenue has grown by 113%, moving from $1.0M to $2.2M. Total assets increased by 1199.4% over the same period, from $410K to $5.3M. Total functional expenses rose by 110.6%, from $823K to $1.7M. In its most recent filing year (2023), Friends Of Ofanim Inc reported a surplus of $456K, with revenue exceeding expenses. The organization holds $5K in liabilities against $5.3M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.7M | $5.3M | $5K | — | — |
| 2022 | $2.7M | $1.5M | $4.7M | $59K | — | — |
| 2021 | $1.2M | $1.2M | $3.7M | $36K | — | View 990 |
| 2020 | $1.3M | $772K | $3.6M | $66K | — | — |
| 2019 | $1.2M | $796K | $2.9M | $42K | — | View 990 |
| 2018 | $1.1M | $998K | $2.3M | $9K | — | View 990 |
| 2017 | $1.3M | $1.1M | $2.2M | $17K | — | View 990 |
| 2016 | $1.4M | $330K | $2.0M | $15K | — | View 990 |
| 2015 | $900K | $1.1M | $1.7M | $737K | — | View 990 |
| 2014 | $633K | $841K | $1.9M | $727K | — | View 990 |
| 2013 | $930K | $872K | $1.5M | $137K | — | View 990 |
| 2012 | $2.1M | $1.2M | $1.4M | $37K | — | View 990 |
| 2011 | $1.0M | $823K | $410K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.7M, and assets of $5.3M (revenue -19.3% year-over-year).
- 2022: Revenue of $2.7M, expenses of $1.5M, and assets of $4.7M (revenue +135.1% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $3.7M (revenue -8.4% year-over-year).
- 2020: Revenue of $1.3M, expenses of $772K, and assets of $3.6M (revenue +1.9% year-over-year).
- 2019: Revenue of $1.2M, expenses of $796K, and assets of $2.9M (revenue +9.9% year-over-year).
- 2018: Revenue of $1.1M, expenses of $998K, and assets of $2.3M (revenue -13.2% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.1M, and assets of $2.2M (revenue -7.3% year-over-year).
- 2016: Revenue of $1.4M, expenses of $330K, and assets of $2.0M (revenue +55.3% year-over-year).
- 2015: Revenue of $900K, expenses of $1.1M, and assets of $1.7M (revenue +42.1% year-over-year).
- 2014: Revenue of $633K, expenses of $841K, and assets of $1.9M (revenue -31.9% year-over-year).
- 2013: Revenue of $930K, expenses of $872K, and assets of $1.5M (revenue -55.8% year-over-year).
- 2012: Revenue of $2.1M, expenses of $1.2M, and assets of $1.4M (revenue +104.4% year-over-year).
- 2011: Revenue of $1.0M, expenses of $823K, and assets of $410K.
Data Sources and Methodology
This transparency report for Friends Of Ofanim Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.