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Bhalo INC FY2024 filing

Tax-deductible

Jamaica, NY501(c)(3)Since 2021Food & Agriculture EIN 86-3048818Revenue $491K in FY2024Latest return filed May 15, 2026

On file with the IRS17213 Hillside Ave Ste 201, 11432-4654 · Jamaica, NYTax-exempt since Nov 2021Publicly supported charity — 170(b)(1)(A)(vi)

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A Bangladeshi Humanitarian Aid and Leadership Outreach program that aims to empower, unite and elegate the people within the minority communities.

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
2 of 3
filings with a surplus
Average surplus $26K a year · 6% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$491K
+66% vs prior year
Spent
$424K
To programs
100%
Net assets
$155K
By yearFY2022–FY2025
Revenue
$491K
FY2024▲ +66%
Tap a bar for its year
Revenue by fiscal year
FY2022$36K
FY2023$296K
FY2024$491K
FY2025$455K
Expenses
$424K
FY2024▲ +85%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$229K
FY2024$424K
FY2025$510K
Net assets
$155K
FY2024▲ +86%
Tap a bar for its year
Net assets by fiscal year
FY2022$17K
FY2023$84K
FY2024$155K
FY2025$56K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $424K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Asif Khan
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bhalo INC executive salaries →

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 15aYes

Programs and updates

Empowers and unites minority communities in Bangladesh through humanitarian aid and leadership programs.

Questions for Bhalo INC

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1 program · $424K · in their own filed words · FY2024
01

Bhalo Inc. is a community-based organization based in the United States, with a mission to support and empower the Bangladeshi diaspora and their communities. Through a range of programs focused on cultural preservation, education, social welfare, and economic development, Bhalo Inc.

$424Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
American Online Giving Foundation INCFY2024$5K
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$491K
Ln 12
Gifts and grantsLn 1h$491K
Money outPt IX
$424K
Ln 25
Programscol B$424K
Owns and owesPt X
$155K
net assets · Ln 32
Cash and savingsLn 1–2$155K
Total assetsLn 16$155K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$491K
Government grantsLn 1e$491K
Total revenueLn 12$491K
Assets in detailPt X, end of year
CashLn 1$155K
Cash and savings togetherLn 1–2$155K
Total assetsLn 16$155K
LiabilitiesLn 26$0
Net assetsLn 32$155K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$84K$155K
Total assetsLn 16$84K$155K
LiabilitiesLn 26$0$0
Net assetsLn 32$84K$155K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$391K$391K
Payroll taxesLn 10$15K$15K
Accounting feesLn 11c$300$300
Other fees for servicesLn 11g$2K$2K
Information technologyLn 14$4K$4K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$8K$8K
Total functional expensesLn 25$424K$424K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $455K$510K−$56K$56K 990 PDF
FY2024 ViewingFiled with the IRS Nov 17, 2025 $491K$424K$67K$155K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $296K$229K$67K$84K 990 PDF
FY2022Filed with the IRS Sep 14, 2023 $36K$17K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $490,748 revenue, 12 lines filed
I-8 Contributions and grants$490,748
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $490,748$0
I-12 Total revenuePrior year $490,748$490,748
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$391,108
I-15 Salaries and benefits$15,184
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $229,289$17,819
I-18 Total expensesPrior year $229,289$424,111
I-19 Revenue less expensesPrior year $261,459$66,637
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $490,748 across 4 lines filed
VIII-1e Government grants$490,748
VIII-1h Total contributions, gifts and grants$490,748
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$490,748
Part IX · Statement of functional expenses $424,111 across 7 lines filed
IX-4 Benefits paid to or for membersPrograms $391,108$391,108
IX-10 Payroll taxesPrograms $15,184$15,184
IX-11c Accounting feesPrograms $300$300
IX-11g Other fees for servicesPrograms $1,600$1,600
IX-14 Information technologyPrograms $4,038$4,038
IX-23 InsurancePrograms $4,255$4,255
IX-24 Other expenses (24a–d)Programs $7,626$7,626
IX-25 Total functional expensesPrograms $424,111 · Management $0 · Fundraising $0$424,111
Part X · Balance sheet $155,201 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $83,538$155,201
X-16 Total assetsStart of year $83,538$155,201
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $83,538$155,201
X-33 Total liabilities and net assetsStart of year $83,538$155,201
Part XI · Reconciliation of net assets $155,201 net assets at year end
XI-1 Total revenue$490,748
XI-2 Total expenses$424,111
XI-3 Revenue less expenses$66,637
XI-4 Net assets at start of year$83,538
XI-8 Prior period adjustments$5,026
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$155,201

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

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