Patient Access Network Foundation
Patient Access Network Foundation consistently dedicates over 98% of expenses to programs with no reported officer compensation.
EIN: 201184743 · Washington, DC · Updated: 2026-03-28
Is Patient Access Network Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Patient Access Network Foundation directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Patient Access Network Foundation
Patient Access Network Foundation (EIN: 201184743) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $225.9M and total assets of $471.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patient Access Network Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Patient Access Network Foundation is a major nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $374.4M |
| Total Expenses | $288.1M |
| Surplus / Deficit | +$86.3M |
| Total Assets | $468.6M |
| Total Liabilities | $107.4M |
| Net Assets | $361.2M |
| Operating Margin | 23.0% |
| Debt-to-Asset Ratio | 22.9% |
| Months of Reserves | 19.5 months |
Financial Health Grade: A
In 2023, Patient Access Network Foundation reported a surplus of $86.3M with revenue exceeding expenses, holds 19.5 months of operating reserves (strong position), has a debt-to-asset ratio of 22.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Patient Access Network Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.7% | -12.9% | +15.6% |
| 2022 | -8.4% | -18.7% | -20.2% |
| 2021 | -31.2% | -14.7% | -18.2% |
| 2020 | +-0.0% | +15.5% | +1.5% |
| 2019 | -16.6% | +13.1% | +9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Patient Access Network Foundation with a Mission Score of 95 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Patient Access Network Foundation allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% 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 $86.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size with hundreds of millions in revenue and expenses. This suggests either a unique operational model where executives are compensated by a related entity or a strong commitment to directing all funds to programs.
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 Patient Access Network Foundation's IRS 990 filings:
- 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
The following positive indicators were identified for Patient Access Network Foundation:
- 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.
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) some concerns. Mission Score: 95/100. 2 red flags identified, 4 strengths noted.
How does Patient Access Network Foundation spend its money?
Patient Access Network Foundation directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Patient Access Network Foundation tax-deductible?
Patient Access Network Foundation is registered as a tax-exempt nonprofit (EIN: 201184743). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Patient Access Network Foundation manage to report 0% officer compensation given its scale?
The consistent reporting of 0% officer compensation across all filings, despite annual revenues often exceeding hundreds of millions, is highly unusual. It suggests that executive leadership may be compensated by a related entity, or they are volunteers, which would be an exceptional model for an organization of this size. Further investigation into their operational structure and compensation practices would be beneficial to understand this anomaly.
What factors contribute to the significant fluctuations in PANF's annual revenue and expenses?
PANF's revenue and expenses have shown considerable volatility, with revenue ranging from $284 million to over $800 million and expenses from $288 million to nearly $1 billion over the past decade. These fluctuations could be influenced by changes in pharmaceutical pricing, the number of patients requiring assistance, shifts in disease prevalence, or the availability of specific grants and donations. Understanding these drivers is crucial for assessing long-term financial predictability.
What is the organization's strategy for maintaining its high program spending ratio?
The organization consistently allocates over 98% of its expenses to program services, as seen in the 2023 filing where 99% of $288 million in expenses went to programs. This indicates a highly efficient operational model with minimal overhead. It would be valuable to understand the specific strategies and internal controls that enable such a high program efficiency.
Filing History
IRS 990 filing history for Patient Access Network Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Patient Access Network Foundation's revenue has grown by 321.9%, moving from $88.8M to $374.4M. Total assets increased by 254.2% over the same period, from $132.3M to $468.6M. Total functional expenses rose by 716.2%, from $35.3M to $288.1M. In its most recent filing year (2023), Patient Access Network Foundation reported a surplus of $86.3M, with revenue exceeding expenses. The organization holds $107.4M in liabilities against $468.6M in assets (debt-to-asset ratio: 22.9%), resulting in net assets of $361.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $374.4M | $288.1M | $468.6M | $107.4M | — | — |
| 2022 | $284.2M | $330.8M | $405.2M | $137.8M | — | View 990 |
| 2021 | $310.3M | $406.8M | $508.0M | $177.0M | — | View 990 |
| 2020 | $450.7M | $477.1M | $621.1M | $184.4M | — | — |
| 2019 | $450.9M | $413.0M | $612.1M | $149.4M | — | View 990 |
| 2018 | $540.8M | $365.1M | $557.2M | $133.2M | — | View 990 |
| 2017 | $532.3M | $360.9M | $391.4M | $138.1M | — | View 990 |
| 2016 | $577.6M | $821.6M | $376.8M | $293.9M | — | View 990 |
| 2015 | $819.4M | $967.9M | $556.2M | $233.2M | — | View 990 |
| 2014 | $673.2M | $511.4M | $586.9M | $93.5M | — | View 990 |
| 2013 | $320.9M | $188.4M | $387.0M | $63.6M | — | View 990 |
| 2012 | $186.0M | $120.0M | $232.4M | $47.2M | — | View 990 |
| 2011 | $88.8M | $35.3M | $132.3M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $374.4M, expenses of $288.1M, and assets of $468.6M (revenue +31.7% year-over-year).
- 2022: Revenue of $284.2M, expenses of $330.8M, and assets of $405.2M (revenue -8.4% year-over-year).
- 2021: Revenue of $310.3M, expenses of $406.8M, and assets of $508.0M (revenue -31.2% year-over-year).
- 2020: Revenue of $450.7M, expenses of $477.1M, and assets of $621.1M (revenue +-0.0% year-over-year).
- 2019: Revenue of $450.9M, expenses of $413.0M, and assets of $612.1M (revenue -16.6% year-over-year).
- 2018: Revenue of $540.8M, expenses of $365.1M, and assets of $557.2M (revenue +1.6% year-over-year).
- 2017: Revenue of $532.3M, expenses of $360.9M, and assets of $391.4M (revenue -7.9% year-over-year).
- 2016: Revenue of $577.6M, expenses of $821.6M, and assets of $376.8M (revenue -29.5% year-over-year).
- 2015: Revenue of $819.4M, expenses of $967.9M, and assets of $556.2M (revenue +21.7% year-over-year).
- 2014: Revenue of $673.2M, expenses of $511.4M, and assets of $586.9M (revenue +109.8% year-over-year).
- 2013: Revenue of $320.9M, expenses of $188.4M, and assets of $387.0M (revenue +72.6% year-over-year).
- 2012: Revenue of $186.0M, expenses of $120.0M, and assets of $232.4M (revenue +109.5% year-over-year).
- 2011: Revenue of $88.8M, expenses of $35.3M, and assets of $132.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Patient Access Network Foundation:
Data Sources and Methodology
This transparency report for Patient Access Network Foundation 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.