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Prasanthi Trust Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061356473 ✦ Shelton, CT ✦ Designated as a 501(c)(3)

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Overview

What is Prasanthi Trust Inc?

Prasanthi Trust Inc is a nonprofit organization situated in Shelton, Connecticut. Committed to uplifting the living standards of the disadvantaged, the organization engages in various worldwide projects, primarily focusing on healthcare, education, and sociocare initiatives. They provide essential resources to needy and destitute foreign organizations, ensuring they can offer free medical care, education, and food. Moreover, Prasanthi Trust Inc aids communities and villages by constructing, modernizing, and equipping their facilities. Additionally, they offer relief aid to war-torn regions around the world and educate professionals in India about health concerns, while also assisting other organizations enhancing living conditions in underdeveloped villages. Their mission is to support and empower disadvantaged populations across the globe.


Official website here: www.prasanthi.org

What are the reviews and ratings of this charity?

88% rating from Charity Navigator indicates that Prasanthi Trust Inc holds a Three-Star out of Four Star rating, reflecting a strong performance in accountability and finance. The organization scored well across various measures, including having a fully independent board and sound financial practices. Notably, they excelled in areas such as material diversion of assets and the program expense ratio, showcasing their commitment to effective financial management.

However, there are some limitations in their accountability practices. The charity received a score of zero in areas such as the whistleblower policy and document retention and destruction, which raises concerns about transparency and governance. Additionally, the tax form is not posted on the nonprofit's website, limiting accessibility to their financial information for potential donors and stakeholders.

Overall, while Prasanthi Trust Inc demonstrates significant strengths in financial oversight and governance, attention to improving their accountability policies could enhance their overall rating and public trust. Addressing these limitations would not only strengthen their operational integrity but also potentially increase confidence among donors and supporters.


This AI summary has been generated from information found on Charity Navigator.

Is Prasanthi Trust Inc legitimate?

Prasanthi Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prasanthi Trust Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.prasanthi.org

What is the mission statement of Prasanthi Trust Inc?

Prasanthi Trust Inc's mission is centered around improving the living standards of disadvantaged individuals worldwide. They achieve this by supporting various projects focusing on healthcare, education, and socio-care initiatives. The organization provides financial resources to foreign organizations serving the needy and destitute, offering free medical care, education, and food. They also aid communities and villages in constructing and modernizing facilities and acquiring necessary equipment. Prasanthi Trust Inc extends relief aid to war-torn regions of the world and educates professionals and the public in India about health concerns. Furthermore, they lend assistance to other organizations working towards enhancing living conditions and the environment in underdeveloped villages.


Official website here: www.prasanthi.org

Who is the CEO of Prasanthi Trust Inc?

Falguni H Desai is the President of Prasanthi Trust Inc.


Official website here: www.prasanthi.org

What is the revenue of Prasanthi Trust Inc?

Prasanthi Trust Inc's revenue in 2022 was $891,990.


Official website here: www.prasanthi.org

Who are the executives of Prasanthi Trust Inc and what are their salaries?

There 10 volunteers at Prasanthi Trust Inc.


Here are 6 key members and their salaries:


Ramesh Wadhwani (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Falguni H Desai (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Prbhakar Gowrisankaran (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manoj Wadhwani (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sreedhar Ekbote (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Devdutt Nargarkar (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.prasanthi.org

Where can I find the form 990 for Prasanthi Trust Inc?

Prasanthi Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.prasanthi.org

Learn more at the official website: www.prasanthi.org

Mission Statement of Prasanthi Trust Inc

Prasanthi Trust Inc is committed to enhancing the living standards of disadvantaged individuals worldwide. Their mission is achieved through supporting numerous projects focused on healthcare, education, and socio-care initiatives. By providing financial resources to various foreign organizations, Prasanthi Trust Inc offers free medical care, education, and food to the needy and destitute. They also aid communities and villages in constructing and modernizing their facilities, acquiring various types of equipment, and assisting war-torn regions of the world with relief aid.

In addition to these efforts, Prasanthi Trust Inc plays a significant role in educating professionals in India regarding health concerns and aiding other organizations that work towards enhancing living conditions and the environment in underdeveloped villages. By supporting these initiatives, Prasanthi Trust Inc contributes to the betterment of disadvantaged communities worldwide, aiming to improve their quality of life and provide them with the essential resources they need to thrive.

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Impact




July, 2024

Prasanthi Trust Inc's impact can be seen in its efforts to enhance the living standards of the disadvantaged worldwide. The organization provides financial resources to foreign organizations that serve the needy by offering free medical care, education, and food. They also aid various communities and villages in constructing and modernizing their facilities and acquiring equipment. Additionally, Prasanthi Trust Inc assists war-torn regions with relief aid and educates professionals in India on health concerns. Their initiatives not only improve living conditions but also contribute to environmental enhancement in underdeveloped villages.




This information is meant to be a general summary of Prasanthi Trust Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$891,990 (2022)
Expenses
$450,882 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $67,597
  • Gross Receipts: $891,990

Assets and Liabilities:

  • Total Assets: $5,313,045
  • Total Liabilities: $6,500
  • Net Assets: $5,306,545

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Organization Details

Founding Year

1993

Principal Officer

Falguni H Desai

Main Address

2 BROOKPINE DR, SHELTON, CT, 06484

NTEE Category

Code: Q33 - International

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