La0.4Pr0.3Ca0.1Sr0.2MnO3 has been investigated as a potential candidate for room temperature magnetic refrigeration. Results from X-ray powder diffraction reveal an orthorhombic structure with Pnma space group. The electronic and chemical properties have been confirmed by X-ray photoelectron spectroscopy and ion-beam analysis. A second-order paramagnetic to ferromagnetic transition was observed near room temperature (289 K), with a mean-field like critical behaviour at low field and a tricritical mean-field like behaviour at high field. The field induced crossover in critical behaviour is a consequence of the system being close to a first-order magnetic transition in combination with a magnetic field induced suppression of local lattice distortions. The lattice distortions consist of interconnected and weakly distorted pairs of Mn-ions, where each pair shares an electron and a hole, dispersed by large Jahn-Teller distortions at Mn3+ lattice sites. A comparatively high value of the isothermal entropy-change (3.08 J/kg-K at 2 T) is observed and the direct measurements of the adiabatic temperature change reveal a temperature change of 1.5 K for a magnetic field change of 1.9 T.