The Pharmaceutical Security Institute Inc
Pharmaceutical Security Institute maintains strong assets and zero officer compensation amidst fluctuating annual surpluses.
EIN: 10549023 · Vienna, VA · NTEE: E03 · Updated: 2026-03-27
Is The Pharmaceutical Security Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Pharmaceutical Security Institute Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Pharmaceutical Security Institute Inc
The Pharmaceutical Security Institute Inc (EIN: 10549023) is a nonprofit organization based in Vienna, VA, classified under NTEE code E03. The organization reported total revenue of $1.9M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Pharmaceutical Security Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Pharmaceutical Security Institute Inc with a Mission Score of 92 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Pharmaceutical Security Institute Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Pharmaceutical Security Institute consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization with annual revenues exceeding $2 million and suggests a volunteer-driven leadership or that compensation is structured in a way not reported as 'officer compensation' on the 990, though the latter is less likely given the consistency.
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 The Pharmaceutical Security Institute Inc's IRS 990 filings:
- Slight deficit in the most recent fiscal year (202312), with expenses ($2,297,620) exceeding revenue ($2,203,877).
Strengths
The following positive indicators were identified for The Pharmaceutical Security Institute Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship.
- Healthy and growing asset base, reaching over $3 million in 2023, providing financial stability.
- Generally positive net income (revenue exceeding expenses) in most years, contributing to asset growth.
- Consistent revenue generation, with annual revenues typically exceeding $1.5 million in recent years.
Frequently Asked Questions about The Pharmaceutical Security Institute Inc
Is The Pharmaceutical Security Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Pharmaceutical Security Institute Inc (EIN: 10549023) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does The Pharmaceutical Security Institute Inc spend its money?
The Pharmaceutical Security Institute Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Pharmaceutical Security Institute Inc tax-deductible?
The Pharmaceutical Security Institute Inc is registered as a tax-exempt nonprofit (EIN: 10549023). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Pharmaceutical Security Institute Inc a good charity?
Based on the available data, PSI appears to be a very good charity. It consistently maintains a strong asset base, generally operates with a surplus, and most notably, reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has PSI's financial health changed over the last decade?
PSI has shown consistent growth in revenue and assets over the last decade. Revenues have increased from $1,145,174 in 2014 to $2,203,877 in 2023, and assets have grown from $1,628,507 to $3,048,080 in the same period, demonstrating robust financial health.
What is the significance of 0% officer compensation?
0% officer compensation is a significant positive indicator, suggesting that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as 'officer compensation' on the 990. It implies a high dedication to the mission and efficient allocation of resources directly to programs.
Filing History
IRS 990 filing history for The Pharmaceutical Security Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Pharmaceutical Security Institute Inc's revenue has grown by 98.8%, moving from $1.1M to $2.2M. Total assets increased by 95.6% over the same period, from $1.6M to $3.0M. Total functional expenses rose by 118.8%, from $1.1M to $2.3M. In its most recent filing year (2023), The Pharmaceutical Security Institute Inc reported a deficit of $94K, with expenses exceeding revenue. The organization holds $197K in liabilities against $3.0M in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.3M | $3.0M | $197K | — | — |
| 2022 | $2.3M | $1.9M | $3.4M | $431K | — | View 990 |
| 2021 | $2.0M | $1.4M | $3.1M | $349K | — | View 990 |
| 2020 | $1.6M | $1.6M | $2.4M | $423K | — | View 990 |
| 2019 | $1.9M | $1.8M | $2.3M | $287K | — | — |
| 2018 | $1.5M | $1.4M | $2.5M | $568K | — | View 990 |
| 2017 | $1.6M | $1.5M | $2.1M | $397K | — | View 990 |
| 2016 | $1.5M | $1.3M | $2.1M | $430K | — | View 990 |
| 2015 | $1.4M | $1.2M | $1.9M | $457K | — | View 990 |
| 2014 | $1.1M | $1.2M | $1.6M | $459K | — | View 990 |
| 2013 | $1.3M | $1.2M | $1.6M | $383K | — | View 990 |
| 2012 | $977K | $1.1M | $1.5M | $376K | — | View 990 |
| 2011 | $1.1M | $1.1M | $1.6M | $341K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.3M, and assets of $3.0M (revenue -2.2% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.9M, and assets of $3.4M (revenue +11.4% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.4M, and assets of $3.1M (revenue +24.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.6M, and assets of $2.4M (revenue -12.4% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.8M, and assets of $2.3M (revenue +20.3% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.4M, and assets of $2.5M (revenue -5.6% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.5M, and assets of $2.1M (revenue +6.9% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.3M, and assets of $2.1M (revenue +7.4% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.2M, and assets of $1.9M (revenue +24.3% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.2M, and assets of $1.6M (revenue -12.5% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $1.6M (revenue +33.9% year-over-year).
- 2012: Revenue of $977K, expenses of $1.1M, and assets of $1.5M (revenue -11.9% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $1.6M.
Data Sources and Methodology
This transparency report for The Pharmaceutical Security Institute 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.