Friends Of Ofanim Inc

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Friends Of Ofanim Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Friends Of Ofanim Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Friends Of Ofanim Inc in one place.

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 →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Friends Of Ofanim Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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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.

Organization Overview

Friends Of Ofanim Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Friends Of Ofanim Inc reported a surplus of $456K with revenue exceeding expenses, holds 36.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Friends Of Ofanim Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $456K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.1%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Friends Of Ofanim Inc:

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.