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Funds Usage

Mobirise

All funds collected by Prayas are used for its stated purpose. Officers and volunteers of Prayas do not receive any remuneration for their work.

On an average 95% of funds collected every year are spent on students scholarships. Only about 5% of the collected funds are spent administrative expenses.

Contributions to Prayas are tax exempt in USA. Prayas is classified as a 501(c)(3) organization by IRS.

Prayas is very careful in selecting genuine projects and activities towards which its funds are used. To ensure that, Prayas has defined a set of eligibility criteria for students to receive financial support from Prayas. Prayas regularly monitors its programs to ensure appropriate usage of funds. 

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