Wafa House Inc

Analysis

Wafa House Inc is a registered charity in United States, based in Woodland Park, NJ. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wafa House Inc reported income of $1.5m and spending of $1.7m, spending 108% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $565k to $1.5m (+170%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wafa House Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Kyjo Enterprises Inc ($1.5m), Encourage Kids Foundation ($1.5m) and Bobbies Place Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $131k (7.9% of expenses). Other salaries and wages came to $959k. At year end it held assets of $279k against liabilities of $134k, net assets of $145k.