Prashanthi Charitable Services a Njnonprofit Corporation

Analysis

Prashanthi Charitable Services a Njnonprofit Corporation is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Prashanthi Charitable Services a Njnonprofit Corporation reported income of $264k and spending of $36k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $150k to $264k (+76%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 15% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prashanthi Charitable Services a Njnonprofit Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Early Learning Center Inc ($264k), Woodstock Wolverine Touchdown Club Inc ($264k) and The Educational Foundation of of the Society of Cpas Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $928k against liabilities of $53k, net assets of $875k.