Prashanthi Charitable Services A Njnonprofit Corporation
Prashanthi Charitable Services maintains strong asset growth and minimal expenses with zero officer compensation.
EIN: 208559760 · Edison, NJ · NTEE: B12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $193K |
| Total Expenses | $36K |
| Program Spending | 80% |
| Net Assets | $875K |
| Transparency Score | 85/100 |
Is Prashanthi Charitable Services A Njnonprofit Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prashanthi Charitable Services A Njnonprofit Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prashanthi Charitable Services A Njnonprofit Corporation
Prashanthi Charitable Services A Njnonprofit Corporation (EIN: 208559760) is a nonprofit organization based in Edison, NJ, classified under NTEE code B12. The organization reported total revenue of $193K and total assets of $301K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prashanthi Charitable Services A Njnonprofit Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prashanthi Charitable Services A Njnonprofit Corporation is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $264K |
| Total Expenses | $36K |
| Surplus / Deficit | +$228K |
| Total Assets | $928K |
| Total Liabilities | $53K |
| Net Assets | $875K |
| Operating Margin | 86.4% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 309.4 months |
Financial Health Grade: A
In 2023, Prashanthi Charitable Services A Njnonprofit Corporation reported a surplus of $228K with revenue exceeding expenses, holds 309.4 months of operating reserves (strong position), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Prashanthi Charitable Services A Njnonprofit Corporation's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.6% | +11.6% | +35.7% |
| 2022 | -16.8% | +11.0% | +26.0% |
| 2021 | -5.3% | +33.4% | +50.5% |
| 2020 | +47.5% | -29.0% | +112.1% |
| 2019 | -34.1% | -97.8% | +30.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Prashanthi Charitable Services A Njnonprofit Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Prashanthi Charitable Services A Njnonprofit Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $228K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive team or that compensation falls below reporting thresholds, which is highly favorable for donor confidence and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Prashanthi Charitable Services A Njnonprofit Corporation's IRS 990 filings:
- Very low expenses relative to revenue, potentially indicating significant fund accumulation rather than active program disbursement, which needs further clarification on program impact.
- Lack of detailed program spending breakdown in the provided summary makes it difficult to assess the direct impact of funds.
Strengths
The following positive indicators were identified for Prashanthi Charitable Services A Njnonprofit Corporation:
- Strong and consistent asset growth, indicating robust financial health (e.g., assets grew from $360,379 in 202012 to $927,516 in 202312).
- Extremely low expense ratio relative to revenue in recent years, suggesting high operational efficiency (e.g., 13.6% in 202312).
- Zero reported officer compensation across all filings, demonstrating a commitment to minimizing administrative costs and maximizing resources for the mission.
- Low liabilities relative to assets, indicating strong financial stability (e.g., $52,862 liabilities vs. $927,516 assets in 202312).
Frequently Asked Questions about Prashanthi Charitable Services A Njnonprofit Corporation
Is Prashanthi Charitable Services A Njnonprofit Corporation a legitimate charity?
Prashanthi Charitable Services A Njnonprofit Corporation (EIN: 208559760) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $193K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Prashanthi Charitable Services A Njnonprofit Corporation spend its money?
Prashanthi Charitable Services A Njnonprofit Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Prashanthi Charitable Services A Njnonprofit Corporation tax-deductible?
Prashanthi Charitable Services A Njnonprofit Corporation is registered as a tax-exempt nonprofit (EIN: 208559760). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Prashanthi Charitable Services A Njnonprofit Corporation's spending goes to programs?
Prashanthi Charitable Services A Njnonprofit Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Prashanthi Charitable Services A Njnonprofit Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Prashanthi Charitable Services A Njnonprofit Corporation is above average for NTEE category B12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Prashanthi Charitable Services A Njnonprofit Corporation located?
Prashanthi Charitable Services A Njnonprofit Corporation is headquartered in Edison, New Jersey and files with the IRS under EIN 208559760. It is classified under NTEE code B12.
How many years of IRS 990 filings does Prashanthi Charitable Services A Njnonprofit Corporation have?
Prashanthi Charitable Services A Njnonprofit Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $193K in total revenue.
Is Prashanthi Charitable Services a good charity?
Based on the provided data, Prashanthi Charitable Services exhibits strong financial health, consistent asset growth, and remarkably low operational expenses, including zero officer compensation. These factors suggest a well-managed and efficient organization. However, the very low expense figures relative to revenue (e.g., $35,971 expenses on $264,271 revenue in 202312) raise questions about the scale of their direct charitable activities and whether a significant portion of funds are being held as reserves. A 'good' charity effectively deploys its resources for its mission, and while efficiency is high, the impact of their spending needs further clarification.
What is the primary use of the organization's growing assets?
The provided data shows consistent growth in assets, reaching $927,516 in 202312. With expenses being a small fraction of revenue, it appears a significant portion of incoming funds are being accumulated as assets. Without detailed program expenditure breakdowns, it's unclear if these assets are earmarked for future large-scale projects, endowments, or simply held as reserves. Further investigation into their balance sheet and program activities would be needed to understand the strategic use of these growing assets.
How does the organization achieve such low expenses relative to revenue?
The organization consistently reports very low expenses compared to its revenue (e.g., 13.6% in 202312). This could be attributed to a highly volunteer-driven model, minimal overhead costs, or a focus on accumulating funds rather than immediate disbursement. The 0% officer compensation strongly supports the idea of a lean, volunteer-supported operation.
Filing History
IRS 990 filing history for Prashanthi Charitable Services A Njnonprofit Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Prashanthi Charitable Services A Njnonprofit Corporation's revenue has grown by 230.6%, moving from $80K to $264K. Total assets increased by 1811.7% over the same period, from $49K to $928K. Total functional expenses fell by 44.8%, from $65K to $36K. In its most recent filing year (2023), Prashanthi Charitable Services A Njnonprofit Corporation reported a surplus of $228K, with revenue exceeding expenses. The organization holds $53K in liabilities against $928K in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $875K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $264K | $36K | $928K | $53K | — | — |
| 2022 | $174K | $32K | $683K | $53K | — | View 990 |
| 2021 | $210K | $29K | $542K | $54K | — | View 990 |
| 2020 | $221K | $22K | $360K | $62K | — | View 990 |
| 2019 | $150K | $31K | $170K | $71K | — | View 990 |
| 2018 | $228K | $1.4M | $130K | $121K | — | View 990 |
| 2017 | $488K | $196K | $1.3M | $100K | — | View 990 |
| 2016 | $818K | $353K | $928K | $69K | — | View 990 |
| 2015 | $457K | $131K | $450K | $55K | — | View 990 |
| 2014 | $200K | $171K | $96K | $28K | — | View 990 |
| 2013 | $47K | $48K | $55K | $15K | — | View 990 |
| 2012 | $46K | $53K | $41K | $0 | — | View 990 |
| 2011 | $80K | $65K | $49K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $264K, expenses of $36K, and assets of $928K (revenue +51.6% year-over-year).
- 2022: Revenue of $174K, expenses of $32K, and assets of $683K (revenue -16.8% year-over-year).
- 2021: Revenue of $210K, expenses of $29K, and assets of $542K (revenue -5.3% year-over-year).
- 2020: Revenue of $221K, expenses of $22K, and assets of $360K (revenue +47.5% year-over-year).
- 2019: Revenue of $150K, expenses of $31K, and assets of $170K (revenue -34.1% year-over-year).
- 2018: Revenue of $228K, expenses of $1.4M, and assets of $130K (revenue -53.3% year-over-year).
- 2017: Revenue of $488K, expenses of $196K, and assets of $1.3M (revenue -40.4% year-over-year).
- 2016: Revenue of $818K, expenses of $353K, and assets of $928K (revenue +79.0% year-over-year).
- 2015: Revenue of $457K, expenses of $131K, and assets of $450K (revenue +128.4% year-over-year).
- 2014: Revenue of $200K, expenses of $171K, and assets of $96K (revenue +327.2% year-over-year).
- 2013: Revenue of $47K, expenses of $48K, and assets of $55K (revenue +1.6% year-over-year).
- 2012: Revenue of $46K, expenses of $53K, and assets of $41K (revenue -42.4% year-over-year).
- 2011: Revenue of $80K, expenses of $65K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prashanthi Charitable Services A Njnonprofit Corporation:
Data Sources and Methodology
This transparency report for Prashanthi Charitable Services A Njnonprofit Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.