Pratham USA EIN 76-0620808 Form 990 (PDF) Claim this org

Pratham USA

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Improves child literacy, vocational skills, and women's education in India. For fiscal year 2024 it reported $24.6M in revenue, $23.3M in expenses, and $21.5M in net assets.Pt I

Founded
1999
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Houston, TX
Website
www.prathamusa.org
Filings
5 on file (2020–2024)
Revenue
$24.6MFY2024
Expenses
$23.3M
Net assets
$21.5M
People
31
Filings
5
Updates
0
More identity details & actions ⌄
EIN  76-0620808 Public foundation / grantmaker Houston, TX Founded 1999
Form 990 (PDF)
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Figures match the IRS filing checked 8/9/26 · see original: IRS
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Size
$10–100M
What they do
Improves child literacy, vocational skills, and women's education in India.
Leadership
Bharti Manisha · CEO and Global Executive · $491K
Money in and out
$24.6M revenue, $23.3M expenses
Bottom line
80% program efficiency
Grants paid & assets · FY2024
Total revenue
$24.6M
Pt VIII · Ln 12
Total expenses
$23.3M
Pt IX · Ln 25
Net assets
$21.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.3M
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.08 Fundraising $0.12
Program efficiency
80%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
10.0mo
months of highly liquid reserves at operating expense rate▲ +61% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ +164% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$24.6M
FY2024▲ +6%
Expenses
$23.3M
FY2024▼ -7%
Total assets
$31.3M
FY2024▲ +51%
Total liabilities
$9.8M
FY2024▲ ×13
Total revenue
$24.6M
Pt VIII · Ln 12
Total expenses
$23.3M
Pt IX · Ln 25
Net assets
$21.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.3M
Total assetsPt X · Ln 16$31.3M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 422

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPratham USA
EINHdr · item D76-0620808
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jwww.prathamusa.org
Year of formationHdr · item L1999
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFSep 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO and Global Executive
$491,329Pt VII · Sec A
Head of Operations
$185,019Pt VII · Sec A
Senior Director, Individual Ph
$177,944Pt VII · Sec A
Digital Director
$172,072Pt VII · Sec A
$166,420Pt VII · Sec A
Comms Dirctor
$158,278Pt VII · Sec A
Director, Strategy and Partner
$134,544Pt VII · Sec A
National Board Member
$0Pt VII · Sec A

Bharti Manisha’s $491K as CEO and Global Executive is at the 92nd percentile of top reported officer pay among 658 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Bharti Manisha$494,934$489,735$160,985
Bharti Manisha$491,329
Venkatachalam Balakrishnan$255,413
Venkatachalam Bala$220,393$210,417$200,000
Bahl Vikas$193,105
Brar Aneetinder$187,268
Bahl Vikas$185,019
Brar Aneetinder$177,944

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $12.9M of program spending, described in the organization's own filed words · FY2024.
01

Pratham's education programs support children from early childhood through secondary school, with a strong emphasis on foundational learning. Proven approaches such as Teaching at the Right Level (TaRL) helps children acquire essential reading and math skills, while early year programs focus on school readiness and foundational…

$8.7Mprogram expense
02

Pratham leverages digital tools to expand access to learning and skill-building. From mobile-based content to virtual skilling platforms, technology is integrated across programs to enhance reach, engagement, and effectiveness.

$2.2Mprogram expense
03

Pratham's vocational training programs equip India's youth (ages 18-35) with technical, life, and employability skills to prepare them for work and entrepreneurship. The program offers a tiered skilling model blending self-learning, virtual instruction, and hands-on practical training across multiple trades.

$2.0Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$23.9M · 97%
Investment income$444K · 2%
Other revenue$202K · 1%
Contributions & grants97%$23.9M
Investment income2%$444K
Other revenue1%$202K
Program service revenue$60K
Total revenueLn 12$24.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.08 Fundraising $0.12
Program services80%$18.6M
Management & general8%$1.9M
Fundraising12%$2.8M
Total functional expensesLn 25$23.3M

Balance Sheet

Part X · end of year
CashLn 1$8.0M
Total assetsLn 16$31.3M
Total liabilitiesLn 26$9.8M
Total net assetsLn 32$21.5M
Months of cash on handcomputed4.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19.1M · Operating expenses (Pt IX) $23.3M · Less non-cash grants $389K · Cash operating expenses/yr $22.9M
10.0 months
Where the money goes
Program services
Program services $18.6M · Total expenses $23.3M
80%
Management & General
Management & general $1.9M · Total expenses $23.3M
8%
Fundraising
Fundraising $2.8M · Total expenses $23.3M
12%
Cost to raise $1
Fundraising expense (3-yr avg) $3.5M · Solicited contributions (3-yr avg) $22.8M
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $23.9M · Total revenue $24.6M
97%
Government reliance
Government grants — · Total revenue $24.6M
Earned-income share
Program service revenue $60K · Total revenue $24.6M
0.2%
Investment reliance
Investment income $444K · Total revenue $24.6M
+2%
Program self-sufficiency
Program service revenue $60K · Total expenses $23.3M
0.3%
Growth & trend
Revenue growth (YoY)
This year $24.6M · Prior year $23.1M
+6%
Revenue CAGR
FY2020 $23.5M · FY2024 $24.6M
+1%
Net-asset trend (YoY)
End of year $21.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $24.6M · Expenses $23.3M
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $31.3M
Net-asset ratio
Net assets $21.5M · Total assets $31.3M
69%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $11.2M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $31.3M
36%
People & payroll
Highest Reported Total Compensation
Individual Bharti Manisha · Reported title CEO and Global Executive · Highest reported compensation $491K · Total expenses $23.3M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.3M · Total expenses $23.3M
14%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $50K · Gross raised $250K
20%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 8%
Fundraising cost ratio 12%
Revenue growth 6%
Investment management fee ratio 0.01%
Legal fee ratio 0.3%
Accounting fee ratio 0.2%
Fundraising fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 11 funders →
Grants paid · 3 grants · $4.7M · 2020–2024
Pratham International INCMA · FY2024$1,285,399
Pratham International INCMA · FY2023$3,423,647
Asset India FoundationNJ · FY2020$12,983

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$24.6M revenue · viewing · ⤓ 990 PDF
FY2023$23.1M revenue · ⤓ 990 PDF
FY2022$22.5M revenue · ⤓ 990 PDF
FY2021$25.5M revenue · ⤓ 990 PDF
FY2020$23.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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