Bay Area Prabasi Inc

Analysis

Bay Area Prabasi Inc is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in January 1985, 41 years ago. 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 2024, Bay Area Prabasi Inc reported income of $351k and spending of $340k, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.7m to $351k (-79%), an average of -27% a year. The sharpest change came in the year to June 2022, when income rose by 130%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay Area Prabasi Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Association of the Free Library & Reading RM Rowayton Inc ($351k), Harvard Glee Club Alumni Inc ($351k) and Irving I Stone Support Foundation ($351k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $221k against liabilities of $0, net assets of $221k.