Wafa House Inc

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Wafa House Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Wafa House 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 Wafa House Inc in one place.

Is Wafa House Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Request a concise report for Wafa House Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Wafa House Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Wafa House Inc

Wafa House Inc (EIN: 200845890) is a nonprofit organization based in Fair Lawn, NJ, classified under NTEE code P43. The organization reported total revenue of $1.8M and total assets of $634K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wafa House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Wafa House Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Wafa House Inc reported a deficit of $124K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 48.1% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Wafa House Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.5%.

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 Wafa House Inc with a Mission Score of 75 out of 100 (Good). 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, Wafa House 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 deficit of $124K, with expenses exceeding revenue.
• Debt-to-asset ratio: 48.1%.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of its size with over $1.5 million in annual expenses. This suggests either a fully volunteer-led executive team or that compensation is structured in a way not reported as officer compensation on the 990, which could impact transparency.

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.

Red Flags

The following concerns were identified during AI analysis of Wafa House Inc's IRS 990 filings:

• Consistent operating deficits in recent years (e.g., $123,740 in 2023, $33,277 in 2021, $21,425 in 2018, $4,949 in 2017, $35,614 in 2016), indicating potential financial instability if not managed by reserves.
• 0% reported officer compensation for an organization with over $1.5 million in expenses, which warrants further scrutiny for transparency.
• Relatively low asset base ($278,784 in 2023) compared to annual expenses ($1,651,336), suggesting limited financial reserves to buffer against future deficits or unexpected costs.

Strengths

The following positive indicators were identified for Wafa House Inc:

• Consistent and significant revenue growth over the past decade, from $216,689 in 2014 to $1,527,596 in 2023, demonstrating strong fundraising capabilities.
• No reported officer compensation, suggesting a high dedication of funds directly to mission-related activities or volunteer leadership.
• Steady increase in assets over time, from $67,456 in 2014 to $278,784 in 2023, indicating some financial growth and capacity building.

Frequently Asked Questions about Wafa House Inc

Filing History

IRS 990 filing history for Wafa House Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Wafa House Inc's revenue has grown by 744.2%, moving from $181K to $1.5M. Total assets increased by 103.8% over the same period, from $137K to $279K. Total functional expenses rose by 1058.2%, from $143K to $1.7M. In its most recent filing year (2023), Wafa House Inc reported a deficit of $124K, with expenses exceeding revenue. The organization holds $134K in liabilities against $279K in assets (debt-to-asset ratio: 48.1%), resulting in net assets of $145K.

Year-by-Year Financial Summary

• 2023: Revenue of $1.5M, expenses of $1.7M, and assets of $279K (revenue +10.8% year-over-year).
• 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $378K (revenue +31.5% year-over-year).
• 2021: Revenue of $1.0M, expenses of $1.1M, and assets of $392K (revenue +19.5% year-over-year).
• 2020: Revenue of $877K, expenses of $768K, and assets of $314K (revenue +47.6% year-over-year).
• 2019: Revenue of $594K, expenses of $537K, and assets of $139K (revenue +5.2% year-over-year).
• 2018: Revenue of $565K, expenses of $593K, and assets of $82K (revenue +41.8% year-over-year).
• 2017: Revenue of $398K, expenses of $403K, and assets of $111K (revenue +7.7% year-over-year).
• 2016: Revenue of $370K, expenses of $406K, and assets of $139K (revenue +3.3% year-over-year).
• 2015: Revenue of $358K, expenses of $248K, and assets of $173K (revenue +65.4% year-over-year).
• 2014: Revenue of $217K, expenses of $218K, and assets of $67K (revenue +2.6% year-over-year).
• 2013: Revenue of $211K, expenses of $211K, and assets of $67K (revenue +101.0% year-over-year).
• 2012: Revenue of $105K, expenses of $179K, and assets of $61K (revenue -41.9% year-over-year).
• 2011: Revenue of $181K, expenses of $143K, and assets of $137K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Wafa House Inc:

Data Sources and Methodology

This transparency report for Wafa House 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.