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Ratna Nidhi Charitable Trust

Sector: Development
Sub Sector: Comprehensive
Tax Deduction: 50% u/s 80G of The Income Tax Act, 1961
FCRA:

UN Sustainable Development Goals:
NGO LogoNGO LogoNGO Logo

% Spent on Beneficiaries

93%
HelpYourNGO USP: Our Research Team studies the NGO's financials to arrive at ratios, variances and the % spent on beneficiaries. This % is the proportion of direct program expenses to total expenditure for the latest financial year, indicating the total direct spend on beneficiaries.

Year of Establishment : 1967
Registered Address : 5th Floor, Vasant Vilas, 31, Dr. D. D. Sathye Marg, Girgaum, Mumbai 400004, Maharashtra
Presence : Andhra Pradesh, Bihar, Gujarat, Himachal Pradesh, Jammu and Kashmir, Karnataka, Madhya Pradesh, Maharashtra
Website : https://www.ratnanidhi.org
Email : info@ratnanidhi.org
Telephone : +91 22 23898930
Donor Contact : Mr. Rajiv Mehta / +91 9820100294 / rajiv@ratnanidhi.org
Registered Under : The Bombay Public Trust Act, 1950
Auditor : B. R. Maniar & Co.
Bankers : Central Bank of India, Ratnakar Bank
Trustees/Directors/Managing Committee: : Ms. Asha Mehta - Trustee, Mr. Rajiv Mehta - Trustee, Mr. Prakash Mehta - Trustee

Key Activities:

  • Food for Education project: RNCT has partnered with 50 schools in Mumbai to provide healthy and freshly prepared food for school children. Around 4,500 to 5,000 meals are provided daily, reaching around 3,000 children every day. Some of the new NGOs they have partnered with are CORP, Sujaya Foundation, Masoom, Sunrise, Children’s Aid Society, Gharkool and Buniyaad.
  • Mobility camps for Rehabilitation of the Disabled: The NGO holds camps at various locations across India. The camps are organised over several days to provide mobility aids to the disabled. 257,336 mobility appliances have been donated so far. RNCT also donated hospital equipment to various trusts.
  • Educational Sponsorship: RNCT continues to sponsor the education of 481 children who lost their parents to terror attacks in Mumbai in 2008 and 2011.
  • Vocational Training: During the year, RNCT provided training in running small businesses and other vocations to street children and those in remand homes. Around 56,000 beneficiaries have been gainfully employed so far.
  • Garments project: RNCT distributed around 55,977 garments that it received from its partners abroad to various NGOs such as Reliance Foundation, Dharampur Agricultural Rural Development, Shrimad Rajchandra Mission, Slum Rehabilitation Society and Nashik Adivasi Mahila Seva.
  • Computer Donation: In this day and age it is essential for school students to be digitally literate. Keeping this in mind Ratna Nidhi in collaboration with its corporate partners donate sets of computers to their partner schools for the students to receive an all-inclusive education. So far, 77 sets has been donated to 13 schools.
  • Mission Million Books: RNCT believes to broaden a student’s horizon it is important have access to educative reading books. Hence, they have dnated over 790,000 books that will impact minds and lives of over 1,000,000 students.   
FY 2016 (₹) FY 2017 (₹) FY 2018 (₹)
Income
Government Sources - - -
Foreign Sources 9,424,257 - 11,429,500
Institutional Sources 5,980,248 - 8,768,050
General Donations 4,151,085 63,127,312 75,449,085
Sales/Fees - - -
Interest/Dividend 1,006,625 1,220,600 625,596
Other Income 1,502,128 161,677 323,580
Total Income (A) 22,064,342 64,509,590 96,595,812
 
Expenditure
Direct Program Activities 14,414,923 52,288,593 79,267,043
Program Staff Cost 2,558,748 - 6,225,739
Travel Expenses 273,708 - 728,910
Direct Program Expenses 16,973,671 52,288,593 85,492,782
Fund Raising Expenses 333,914 - 201,246
General Staff Cost - - 856
Overhead Expenses 1,898,282 10,175,346 6,466,939
Depreciation 329,463 - 156,859
Other Expenses/Transfers - 283,731 -
Total Expenditure (B) 19,809,038 62,747,670 93,047,592
 
Surplus / Deficit (A-B) 2,255,304 1,761,920 3,548,221
Assets
Fixed Assets 1,709,197 783,760 826,819
Current Assets 1,058,097 3,663,069 15,146,692
Cash And Bank 3,986,492 3,925,188 4,580,002
Total Current Assets 6,753,786 8,372,017 20,553,513
Investments 9,180,101 18,779,370 10,856,969
Accumulated Deficits - - -
Total Assets 15,933,886 27,151,387 31,410,482
 
Liabilities
Trust Corpus 1,285,994 1,385,994 1,305,994
General Funds 10,453,025 14,626,898 18,175,119
Earmarked Funds 1,614,468 9,959,870 9,756,870
Unutilized Grants - - -
Total 13,353,486 25,972,762 29,237,983
Loans - - -
Loans (From Members) - - -
Current Liabilities 2,580,400 1,178,625 2,172,499
Other Liabilities - - -
Total Liabilities 15,933,886 27,151,387 31,410,482
1) Schedules complementing the Income/Expenditure statement not provided by the NGO for FY17.
2) The surge in FY13 income was due to Grant from the Government of Gujarat. There was no Government Income in FY14.
3) The NGO has provided overall amounts spent on various projects/camps, but not a detailed breakdown.
4) Professional Fees taken in Programme Staff Cost.
5) In FY14, Loss on sale of car taken in Other Expenses.
FY 2016 FY 2017 FY 2018
Beneficiary Details
Direct Beneficiaries (nos.) - - 62,746
Indirect Beneficiaries (nos.) - - 1,000,000
Average Cost per Direct Beneficiary (₹) - - -
Staff Details
No. of Staff - - 32
Number of Consultants - - -
Number Of Volunteers - - 1
Total - - 33
Highest Paid Full-Time Staff (₹ p.a.) - - 1,140,300
Lowest Paid Full-Time Staff (₹ p.a.) - - 102,000
Services Funds Raised (₹)
Donation 25,755
Online Donation 1,500
Total Funds Raised 27,255
NGO Name Sector Sub Sector Location % Spent on Beneficiaries Income (₹) Expense (₹)
Apnalaya Development Community Development Maharashtra 100 120,651,654 111,278,029
arr2
Apnalaya Development Community Development Maharashtra 100 120,651,654 111,278,029
arr2
Parivartan Samajik Sanstha Development Camps/Activities Maharashtra 97 361,512 360,122
arr3
Ratna Nidhi Charitable Trust Development Comprehensive Maharashtra 93 96,595,812 93,047,592
Mashal Social Welfare Society Development Services for the Poor Delhi 50 1,995,689 2,039,814
ASSIST Development Comprehensive Andhra Pradesh 11 5,212,287 1,787,134


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