Friends of Ofanim Inc

Analysis

Friends of Ofanim Inc is a registered charity in United States, based in Gladwyne, PA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Friends of Ofanim Inc reported income of $2.2m and spending of $1.7m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.2m (+77%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 135%. Over the whole period it spent 70% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Ofanim Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Givelight Foundation ($2.2m), Arizona Immigrant and Refugee Services Inc ($2.2m) and Obat Helpers Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $85k (4.9% of expenses). Other salaries and wages came to $24k. At year end it held assets of $5.3m against liabilities of $5,376, net assets of $5.3m. It reported 2 employees.