Merck Patient Assistance Program Inc
Merck Patient Assistance Program consistently disburses 100% of its nearly $2 billion annual revenue directly to programs.
EIN: 10575520 · Rahway, NJ · NTEE: T210 · Updated: 2026-03-26
| Metric | Value |
|---|---|
| Total Revenue | $1.9B |
| Total Expenses | $2.0B |
| Program Spending | 100% |
| Net Assets | $0 |
| Transparency Score | 98/100 |
Is Merck Patient Assistance Program Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Merck Patient Assistance Program Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Merck Patient Assistance Program Inc
Merck Patient Assistance Program Inc (EIN: 10575520) is a nonprofit organization based in Rahway, NJ, classified under NTEE code T210. The organization reported total revenue of $1.9B and total assets of $26.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Merck Patient Assistance Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Merck Patient Assistance Program Inc is a major nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0B |
| Total Expenses | $2.0B |
| Surplus / Deficit | +$0 |
| Total Assets | $26.3M |
| Total Liabilities | $26.3M |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.2 months |
Financial Health Grade: C
In 2023, Merck Patient Assistance Program Inc reported a surplus of $0 with revenue exceeding expenses, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Merck Patient Assistance Program Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.6% | +14.6% | -4.3% |
| 2022 | +16.8% | +16.8% | -18.5% |
| 2021 | -7.8% | -7.8% | +5.5% |
| 2020 | +8.3% | +8.3% | +8.4% |
| 2019 | +157.7% | +157.7% | +199.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Merck Patient Assistance Program Inc with a Mission Score of 98 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Merck Patient Assistance Program Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer compensation is paid, which is highly unusual for an organization of this scale and suggests a strong commitment to directing all funds to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Merck Patient Assistance Program Inc's IRS 990 filings:
- Lack of detailed breakdown for administrative or fundraising expenses (though likely covered by parent organization)
Strengths
The following positive indicators were identified for Merck Patient Assistance Program Inc:
- 100% program spending ratio consistently reported across all filings
- Zero officer compensation reported, indicating high dedication to mission
- Significant and consistent growth in revenue, reflecting expanding reach of patient assistance
- Transparent financial reporting with consistent revenue-expense matching
- Efficient pass-through model for patient aid
Frequently Asked Questions about Merck Patient Assistance Program Inc
Is Merck Patient Assistance Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Merck Patient Assistance Program Inc (EIN: 10575520) some concerns. Mission Score: 98/100. 1 red flag identified, 5 strengths noted.
How does Merck Patient Assistance Program Inc spend its money?
Merck Patient Assistance Program Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Merck Patient Assistance Program Inc tax-deductible?
Merck Patient Assistance Program Inc is registered as a tax-exempt nonprofit (EIN: 10575520). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Merck Patient Assistance Program Inc compare to similar nonprofits?
With a transparency score of 98/100 (Excellent), Merck Patient Assistance Program Inc is above average for NTEE category T210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Merck Patient Assistance Program Inc located?
Merck Patient Assistance Program Inc is headquartered in Rahway, New Jersey and files with the IRS under EIN 10575520. It is classified under NTEE code T210.
How many years of IRS 990 filings does Merck Patient Assistance Program Inc have?
Merck Patient Assistance Program Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.9B in total revenue.
Is Merck Patient Assistance Program Inc. a good charity?
Based on the IRS 990 data, the organization appears to be an excellent charity in terms of financial efficiency and program focus, consistently spending 100% of its revenue on programs and reporting 0% officer compensation.
How does the organization manage to spend 100% of its revenue on programs?
The consistent matching of revenue and expenses across all filings suggests a direct pass-through model where funds received are immediately disbursed for patient assistance, with administrative costs likely covered by the parent company, Merck & Co., Inc., or managed through other means not reflected as direct expenses of this specific entity.
What is the trend in the organization's financial growth?
The organization has shown significant growth, with annual revenue increasing from $441,424,919 in 2011 to $1,952,689,147 in 2023, indicating a substantial expansion in the scale of its patient assistance programs.
Are there any concerns about the organization's financial stability given that expenses always equal revenue?
While the exact matching of revenue and expenses might typically raise questions about reserves, in this context, it suggests a highly efficient operational model designed for immediate disbursement of aid. The consistent asset base, growing from $10.2 million to $26.3 million, indicates sufficient operational liquidity without accumulating large, unused reserves.
Filing History
IRS 990 filing history for Merck Patient Assistance Program Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Merck Patient Assistance Program Inc's revenue has grown by 342.4%, moving from $441.4M to $2.0B. Total assets increased by 157.1% over the same period, from $10.2M to $26.3M. Total functional expenses rose by 342.4%, from $441.4M to $2.0B. In its most recent filing year (2023), Merck Patient Assistance Program Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $26.3M in liabilities against $26.3M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0B | $2.0B | $26.3M | $26.3M | — | — |
| 2022 | $1.7B | $1.7B | $27.5M | $27.5M | — | View 990 |
| 2021 | $1.5B | $1.5B | $33.7M | $33.7M | — | View 990 |
| 2020 | $1.6B | $1.6B | $32.0M | $32.0M | — | View 990 |
| 2019 | $1.5B | $1.5B | $29.5M | $29.5M | — | View 990 |
| 2015 | $566.7M | $566.7M | $9.9M | $0 | — | View 990 |
| 2014 | $460.4M | $460.4M | $10.1M | $10.1M | — | View 990 |
| 2013 | $686.8M | $686.8M | $11.1M | $11.1M | — | View 990 |
| 2012 | $520.5M | $520.5M | $11.1M | $11.1M | — | View 990 |
| 2011 | $441.4M | $441.4M | $10.2M | $10.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0B, expenses of $2.0B, and assets of $26.3M (revenue +14.6% year-over-year).
- 2022: Revenue of $1.7B, expenses of $1.7B, and assets of $27.5M (revenue +16.8% year-over-year).
- 2021: Revenue of $1.5B, expenses of $1.5B, and assets of $33.7M (revenue -7.8% year-over-year).
- 2020: Revenue of $1.6B, expenses of $1.6B, and assets of $32.0M (revenue +8.3% year-over-year).
- 2019: Revenue of $1.5B, expenses of $1.5B, and assets of $29.5M (revenue +157.7% year-over-year).
- 2015: Revenue of $566.7M, expenses of $566.7M, and assets of $9.9M (revenue +23.1% year-over-year).
- 2014: Revenue of $460.4M, expenses of $460.4M, and assets of $10.1M (revenue -33.0% year-over-year).
- 2013: Revenue of $686.8M, expenses of $686.8M, and assets of $11.1M (revenue +31.9% year-over-year).
- 2012: Revenue of $520.5M, expenses of $520.5M, and assets of $11.1M (revenue +17.9% year-over-year).
- 2011: Revenue of $441.4M, expenses of $441.4M, and assets of $10.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Merck Patient Assistance Program Inc:
Data Sources and Methodology
This transparency report for Merck Patient Assistance Program Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.