Nonprofit · EIN 93-1621605
BANGA FAMILY FOUNDATION
Tax-exempt · NEW YORK, NY 10065
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,405,885 | $1,095,537 | $310,348 | $32,523,193 | $0 | $32,523,193 |
| December 31, 2024 | 990-PF (amended) | $5,937,002 | $1,369,961 | $4,567,041 | $32,440,876 | $0 | $32,440,876 |
| December 31, 2023 | 990-PF | $54,870,309 | $792 | $54,869,517 | $31,330,094 | $0 | $31,330,094 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $156,851
- Dividends
- $278,752
- Interest
- $977,493
- Net gain from sales of assets
- -$7,211
Expenses
- Grants and similar amounts paid
- $668,900
- Compensation of officers, directors and key employees
- $200,000
- Disbursements for charitable purposes
- $901,294
- Excise tax on investment income
- $14,896
Balance sheet and other
- Total assets, start of year
- $32,440,876
- Total assets, end of year
- $32,523,193
- Total liabilities, end of year
- $0
- Net assets, end of year
- $32,523,193
- Fair market value of assets
- $35,398,566
- Qualifying distributions
- $901,294
- Net investment income
- $1,256,245
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADITI BANGA 100 BARCLAY ST, APT 21B, NEW YORK, NY 10007 | TRUSTEE | 4 | $100,000 |
| JYOTIKA BANGA 100 BARCLAY ST, APT 19D, NEW YORK, NY 10007 | TRUSTEE | 4 | $100,000 |
| RITU BANGA 875 FIFTH AVENUE, APT 19A, NEW YORK, NY 10065 | TRUSTEE | 4 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADITI BANGA 100 BARCLAY ST, APT 21B, NEW YORK, NY 10007 | TRUSTEE | 4 | $100,000 |
| JYOTIKA BANGA 100 BARCLAY ST, APT 19D, NEW YORK, NY 10007 | TRUSTEE | 4 | $100,000 |
| RITU BANGA 875 FIFTH AVENUE, APT 19A, NEW YORK, NY 10065 | TRUSTEE | 4 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RITU BANGA 875 FIFTH AVENUE, APT 19A, NEW YORK, NY 10065 | TRUSTEE | 1 | $0 |
| ADITI BANGA 100 BARCLAY ST, APT 21B, NEW YORK, NY 10007 | TRUSTEE | 1 | $0 |
| JYOTIKA BANGA 100 BARCLAY ST, APT 19D, NEW YORK, NY 10007 | TRUSTEE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 875 FIFTH AVENUE APT 19A, NEW YORK, NY 10065-4952
- In care of
- % CERITY PARTNERS
- Signed the 990-PF
- RITU BANGA, TRUSTEE
- Phone
- (518) 640-5000
- Return prepared by
- BDO USA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 93-1621605
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $32,523,193
- Income (IRS master file)
- $19,234,275
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,405,885 | $1,095,537 | $32,523,193 | IRS |
| 990-PF | December 2024 | $5,937,002 | $1,369,961 | $32,440,876 | IRS |
| 990-PF | December 2023 | $54,870,309 | $792 | $31,330,094 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 93-1621605).
Questions about BANGA FAMILY FOUNDATION
- What is the EIN of BANGA FAMILY FOUNDATION?
- The employer identification number (EIN) of BANGA FAMILY FOUNDATION is 93-1621605.
- Is BANGA FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to BANGA FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BANGA FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BANGA FAMILY FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BANGA FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of BANGA FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 2 received compensation from the organization, the highest $100,000 (ADITI BANGA, TRUSTEE).
- How much revenue does BANGA FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,405,885, expenses of $1,095,537 and total assets of $32,523,193 at year end.
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