Prem Prakash Mandli USA Inc

Analysis

Prem Prakash Mandli USA Inc is a registered charity in United States, based in Elmhurst, NY. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Prem Prakash Mandli USA Inc reported income of $516k and spending of $148k, leaving 71% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $669k to $516k (-23%), an average of -23% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 26% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Prem Prakash Mandli USA Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Northeastern Pennsylvania ($516k), Destiny Sports Mission Inc ($516k) and Camp Manna Ministries Inc ($515k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2,500. At year end it held assets of $4.9m against liabilities of $1.6m, net assets of $3.4m.