Patients For Affordable Drugs
EIN: 814011501 · Washington, DC · NTEE: E01
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $1.6M |
| Net Assets | $1.2M |
Is Patients For Affordable Drugs Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Patients For Affordable Drugs
Patients For Affordable Drugs (EIN: 814011501) is a nonprofit organization based in Washington, DC, classified under NTEE code E01. The organization reported total revenue of $2.6M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patients For Affordable Drugs's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Patients For Affordable Drugs is a mid-size nonprofit that has been operating for 9 years, with 8 years of IRS 990 filings on record (2016–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$699K |
| Total Assets | $1.3M |
| Total Liabilities | $108K |
| Net Assets | $1.2M |
| Operating Margin | 30.2% |
| Debt-to-Asset Ratio | 8.5% |
| Months of Reserves | 9.4 months |
Financial Health Grade: A
In 2023, Patients For Affordable Drugs reported a surplus of $699K with revenue exceeding expenses, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 8.5% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.3% | -10.5% | +142.0% |
| 2022 | +236.1% | +58.3% | +52.5% |
| 2021 | -31.1% | +5.2% | -61.9% |
| 2020 | -47.0% | +8.1% | -14.9% |
| 2019 | +191.5% | +12.2% | +154.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Patients For Affordable Drugs has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Patients For Affordable Drugs with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $699K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.5%.
Frequently Asked Questions about Patients For Affordable Drugs
Is Patients For Affordable Drugs a legitimate charity?
Based on AI analysis of IRS 990 filings, Patients For Affordable Drugs (EIN: 814011501) insufficient data. 0 red flags identified, 0 strengths noted.
How does Patients For Affordable Drugs spend its money?
Detailed spending breakdown data is not yet available for Patients For Affordable Drugs. Check back for updated IRS 990 analysis.
Are donations to Patients For Affordable Drugs tax-deductible?
Patients For Affordable Drugs is registered as a tax-exempt nonprofit (EIN: 814011501). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Patients For Affordable Drugs located?
Patients For Affordable Drugs is headquartered in Washington, Washington DC and files with the IRS under EIN 814011501. It is classified under NTEE code E01.
How many years of IRS 990 filings does Patients For Affordable Drugs have?
Patients For Affordable Drugs has 8 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 $2.6M in total revenue.
Filing History
IRS 990 filing history for Patients For Affordable Drugs showing financial trends over 8 years of public records:
Total assets increased by 2613.6% over the same period, from $47K to $1.3M. Total functional expenses rose by 4781.6%, from $33K to $1.6M. In its most recent filing year (2023), Patients For Affordable Drugs reported a surplus of $699K, with revenue exceeding expenses. The organization holds $108K in liabilities against $1.3M in assets (debt-to-asset ratio: 8.5%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $1.6M | $1.3M | $108K | — | — |
| 2022 | $2.0M | $1.8M | $525K | $61K | — | View 990 |
| 2021 | $603K | $1.1M | $344K | $58K | — | View 990 |
| 2020 | $876K | $1.1M | $903K | $78K | — | — |
| 2019 | $1.7M | $1.0M | $1.1M | $27K | — | View 990 |
| 2018 | $568K | $895K | $418K | $34K | — | View 990 |
| 2017 | $1.4M | $682K | $733K | $16K | — | View 990 |
| 2016 | $0 | $33K | $47K | $80K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $1.6M, and assets of $1.3M (revenue +14.3% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.8M, and assets of $525K (revenue +236.1% year-over-year).
- 2021: Revenue of $603K, expenses of $1.1M, and assets of $344K (revenue -31.1% year-over-year).
- 2020: Revenue of $876K, expenses of $1.1M, and assets of $903K (revenue -47.0% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.0M, and assets of $1.1M (revenue +191.5% year-over-year).
- 2018: Revenue of $568K, expenses of $895K, and assets of $418K (revenue -60.4% year-over-year).
- 2017: Revenue of $1.4M, expenses of $682K, and assets of $733K.
- 2016: Revenue of $0, expenses of $33K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Patients For Affordable Drugs:
Data Sources and Methodology
This transparency report for Patients For Affordable Drugs 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.