NORTHERN VIRGINIA BENGALI ASS
Mission Statement
The organization organizes events to preserve and promote awareness of Bengali literature, culture and heritage in United States. The specific objectives and purpose of this organization shall be: a. To organize and promote Bengali cultural events that foster the rich tradition and heritage of the Bengali culture as part of the American multi-cultural environment. b. To serve the needs of the local community by participating in various charitable activities that address homelessness and food insecurity issues. c. To facilitate learning of the Bengali language by providing instructional assistance to any member of the community interested in learning the language. d. To organize and collect funds for charitable causes.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
92.8% | 86.4% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
29.1 mo | 8.6 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
3.9% | 1.8% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
48.8% | 96.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
3.7% | 7.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
8.8% | 11.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
33.4% | 2.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $164K | $109K | $264K | 92.8% | — |
| 2022 | $158K | $100K | $209K | 87.9% | — |
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