Quick charity verification for Patient Access Network Foundation (EIN: 201184743)
Verdict: Patient Access Network Foundation appears trustworthy
95/100Mission Score
$225.9MRevenue
$471.3MAssets
2Red Flags
4Strengths
Red Flags
Unusually low administrative and fundraising expenses (1% and 0% respectively in 2023) for an organization of this scale, which might indicate some costs are categorized differently or absorbed by a related entity.
Consistent reporting of 0% officer compensation across all filings, which is highly atypical for an organization managing hundreds of millions in revenue and expenses, warranting further inquiry into executive compensation structures.
Strengths
Exceptional program spending efficiency, with 99% of expenses dedicated to programs in 2023.
Strong financial health with assets significantly exceeding liabilities ($468.5M assets vs. $107.3M liabilities in 2023).
Consistent transparency regarding executive compensation, reporting 0% officer compensation across all available filings.
Substantial asset base providing financial stability and capacity for future program delivery.
Spending Breakdown
How Patient Access Network Foundation allocates its funds across programs, administration, and fundraising.
99%
Program Spending
Healthy — majority goes to mission
1%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Patient Access Network Foundation
Is Patient Access Network Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Patient Access Network Foundation (EIN: 201184743) appears trustworthy. Mission Score: 95/100. 2 red flags identified, 4 strengths noted.
Is Patient Access Network Foundation a good charity to donate to?
Patient Access Network Foundation has a Mission Score of 95/100. Revenue: $225.9M. Assets: $471.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Patient Access Network Foundation?
The Employer Identification Number (EIN) for Patient Access Network Foundation is 201184743. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Patient Access Network Foundation spend its money?
Patient Access Network Foundation allocates 99% to programs, 1% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Patient Access Network Foundation's tax-exempt status?
You can verify Patient Access Network Foundation's tax-exempt status using EIN 201184743 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Patient Access Network Foundation (PANF) demonstrates a strong commitment to its program services, consistently allocating a significant majority of its expenses to direct patient assistance. For instance, in 2023, 99% of its $288 million in expenses went to programs, with only 1% each for administrative and fundraising costs. This high program efficiency is a consistent trend across its filings, indicating effective resource deployment towards its mission. The organization also maintains a healthy asset base, with assets of $468.5 million in 2023, significantly exceeding its liabilities of $107.3 million, suggesting financial stability.
However, the organization has experienced notable fluctuations in revenue and expenses over the past decade. Revenue peaked at over $800 million in 2015 and 2016, then declined to $284 million in 2022 before rebounding to $374 million in 2023. Similarly, expenses have varied widely, reaching nearly $1 billion in 2015. While these fluctuations might be inherent to the nature of patient assistance funding, they warrant closer examination to understand the underlying drivers and long-term sustainability of funding streams. The consistent reporting of 0% officer compensation across all available filings is a significant positive indicator of transparency and a focus on mission over executive enrichment.
Overall, PANF appears to be a financially sound organization with excellent spending efficiency and transparency regarding executive compensation. Its substantial assets provide a buffer, and its consistent program spending ratio is commendable. The primary area for further inquiry would be the volatility in its revenue and expense figures over time, to ensure long-term operational predictability and funding security.