Pragati INC FY2024 filing

Tax-deductible

Exton, PA501(c)(3)Since 1978EIN 22-4209016Revenue $109K in FY2024

On file with the IRSpragati.org332 Piper Ln, 19341-2390 · Exton, PATax-exempt since Sep 1985Publicly supported charity — 170(b)(1)(A)(vi)

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Promoting bengaliindian heritage by serving tri state area of southeastern pennsylvania, state of delaware and south central new jersey

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $4K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$109K
-18% vs prior year
Spent
$102K
To programs
93%
Net assets
$70K
By yearFY2020–FY2025
Revenue
$109K
FY2024▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$20K
FY2021$36K
FY2022$121K
FY2023$133K
FY2024$109K
FY2025$123K
Expenses
$102K
FY2024▼ -24%
Tap a bar for its year
Expenses by fiscal year
FY2020$10K
FY2021$29K
FY2022$111K
FY2023$134K
FY2024$102K
FY2025$130K
Net assets
$70K
FY2024▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$11K
FY2021$50K
FY2022$59K
FY2023$58K
FY2024$70K
FY2025$63K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $95K Management & general 7% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes Bengali heritage through cultural events in Pennsylvania, Delaware, and New Jersey.

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Provided by the organization

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1 program · $95K · in their own filed words · FY2024
01

Invited people of all origin to join in holy celebration of religious program and develope harmony among people of all religion

$95Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$109K
Ln 12
Fees for servicesLn 2g$109K
Investment incomeLn 3$55
Money outPt IX
$102K
Ln 25
Programscol B$95K
Managementcol C$7K
Owns and owesPt X
$70K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$70K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$109K
Investment incomeLn 3$55
Total revenueLn 12$109K
Assets in detailPt X, end of year
CashLn 1$18K
SavingsLn 2$49K
Cash and savings togetherLn 1–2$67K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$70K
LiabilitiesLn 26$0
Net assetsLn 32$70K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$58K$67K
Land, buildings, equipmentLn 10c$5K$3K
Total assetsLn 16$63K$70K
LiabilitiesLn 26$0$0
Net assetsLn 32$63K$70K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$78K$78K
All other expensesLn 24e$22K$15K$7K
Total functional expensesLn 25$102K$95K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $123K$130K−$7K$63K 990 PDF
FY2024 Viewing $109K$102K$7K$70K 990 PDF
FY2023 $133K$134K−$942$58K 990 PDF
FY2022 $121K$111K$9K$59K 990 PDF
FY2021 $36K$29K$7K$50K 990 PDF
FY2020 $20K$10K$10K$11K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $109,102 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $132,699$109,047
I-10 Investment incomePrior year $65$55
I-11 Other revenue$0
I-12 Total revenuePrior year $132,764$109,102
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $133,706$102,093
I-18 Total expensesPrior year $133,706$102,093
I-19 Revenue less expensesPrior year −$942$7,009
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $109,102 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $109,047$109,047
VIII-3 Investment incomeRelated to mission $55$55
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $109,102 · Unrelated business $0 · Excluded from tax $0$109,102
Part IX · Statement of functional expenses $102,093 across 3 lines filed
IX-22 Depreciation, depletion and amortizationPrograms $1,997$1,997
IX-24 Other expenses (24a–d)Programs $77,859$77,859
IX-24e All other expensesPrograms $15,050 · Management $7,187$22,237
IX-25 Total functional expensesPrograms $94,906 · Management $7,187 · Fundraising $0$102,093
Part X · Balance sheet $69,760 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $8,621$17,573
X-2 Savings and temporary cash investmentsStart of year $49,139$49,193
X-10c Land, buildings and equipment, netStart of year $4,991$2,994
X-16 Total assetsStart of year $62,751$69,760
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $62,751$69,760
X-32 Total net assets or fund balancesStart of year $62,751$69,760
X-33 Total liabilities and net assetsStart of year $62,751$69,760
Part XI · Reconciliation of net assets $69,760 net assets at year end
XI-1 Total revenue$109,102
XI-2 Total expenses$102,093
XI-3 Revenue less expenses$7,009
XI-4 Net assets at start of year$62,751
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$69,760

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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