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The Vasant And Prabha Rathi Foundation

  • Wilmington, DE
  • Tax-exempt since June 2017
  • EIN: 81-3878588

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.84M (2024)

Expenses
$1.22M (2024)

Total Assets
$14.9M (2024)

Total Liabilities
$183k (2024)

Source: Form 990 tax filings from 2017 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,836,944
Expenses
$1,217,443
Net Income
$1,619,501
Net Assets
$14,733,155
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,767,375
62.3%
Interest Revenue $25,928
0.9%
Dividends $279,534
9.9%
Sales of Assets $763,900
26.9%
Other Income $207
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,008,451
82.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $14,916,196
Total Liabilities $183,041
Net Assets $14,733,155
Compensation
Key Employees and Officers Compensation Other
Vasant Rathi (Dir, Pres, Sec, Treas) $0 $0

Document Links

990-PF
Filed on May 9, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,660,831
Expenses
$1,104,663
Net Income
$556,168
Net Assets
$13,113,654
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $946,275
57.0%
Interest Revenue $35,176
2.1%
Dividends $224,638
13.5%
Sales of Assets $453,799
27.3%
Other Income $943
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $923,793
83.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $13,257,002
Total Liabilities $143,348
Net Assets $13,113,654
Compensation
Key Employees and Officers Compensation Other
Vasant Rathi (Dir, Pres, Sec, Treas) $0 $0

Document Links

990-PF
Filed on April 25, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,662,576
Expenses
$1,253,672
Net Income
$408,904
Net Assets
$12,557,486
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $713,900
42.9%
Interest Revenue $1,859
0.1%
Dividends $248,443
14.9%
Sales of Assets $698,374
42.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,069,231
85.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,725,576
Total Liabilities $168,090
Net Assets $12,557,486
Compensation
Key Employees and Officers Compensation Other
Vasant Rathi (Dir, Pres, Sec, Treas) $0 $0

Document Links

990-PF
Filed on May 9, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$649,926
Expenses
$987,255
Net Income
-$337,329
Net Assets
$12,148,582
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $412
0.1%
Dividends $247,935
38.1%
Sales of Assets $401,579
61.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $792,482
80.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,353,680
Total Liabilities $205,098
Net Assets $12,148,582
Compensation
Key Employees and Officers Compensation Other
Vasant Rathi (Dir, Pres, Sec, Treas) $0 $0

Document Links

990-PF
Filed on June 7, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,863,800
Expenses
$804,104
Net Income
$1,059,696
Net Assets
$12,485,911
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $942,076
50.5%
Interest Revenue $4,867
0.3%
Dividends $192,880
10.3%
Sales of Assets $723,977
38.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $651,461
81.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $12,657,632
Total Liabilities $171,721
Net Assets $12,485,911
Compensation
Key Employees and Officers Compensation Other
Vasant Rathi (Dir, Pres, Sec, Treas) $0 $0

Document Links

990-PF
Filed on June 16, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,794,630
Expenses
$777,750
Net Income
$1,016,880
Net Assets
$11,426,215
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,262,295
70.3%
Interest Revenue $5,746
0.3%
Dividends $192,530
10.7%
Sales of Assets $334,059
18.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $642,837
82.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $11,501,608
Total Liabilities $75,393
Net Assets $11,426,215
Compensation
Key Employees and Officers Compensation Other
Vasant Rathi (Dir, Pres, Sec, Treas) $0 $0

Document Links

990-PF
Filed on May 14, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$378,304
Expenses
$676,479
Net Income
-$298,175
Net Assets
$10,409,335
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,413
1.2%
Dividends $182,349
48.2%
Sales of Assets $191,542
50.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $533,517
78.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,536,749
Total Liabilities $127,414
Net Assets $10,409,335
Compensation
Key Employees and Officers Compensation Other
Vasant Rathi (Pres / Treas / Sec / Dir) $0 $0

Document Links

990-PF
Filed on June 27, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$305,864
Expenses
$241,221
Net Income
$64,643
Net Assets
$10,707,510
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,050
1.3%
Dividends $135,428
44.3%
Sales of Assets $166,386
54.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $102,643
42.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $10,832,973
Total Liabilities $125,463
Net Assets $10,707,510
Compensation
Key Employees and Officers Compensation Other
Vasant Rathi (Dir, Pres, Sec, Treas) $0 $0

Document Links

990-PF
Filed on May 11, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
PDF (2 of 2)

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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