United States Pharmacopeial Convention Inc

United States Pharmacopeial Convention Inc consistently grows revenue and assets, maintaining strong financial health.

EIN: 131656692 · Rockville, MD · NTEE: E050 · Updated: 2026-03-28

$585.2MRevenue
$357.7MGross Revenue
$788.7MAssets
85/100Mission Score (Excellent)
E050

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United States Pharmacopeial Convention Inc Financial Summary
MetricValue
Total Revenue$585.2M
Total Expenses$330.3M
Program Spending80%
Net Assets$562.7M
Transparency Score85/100

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United States Pharmacopeial Convention Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

United States Pharmacopeial Convention Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around United States Pharmacopeial Convention Inc in one place.

Form 990 Filing Summary

14 filing years are available, with latest revenue of $353.7M and expenses of $330.3M.

Revenue and Expenses

United States Pharmacopeial Convention Inc reported $353.7M in revenue and $330.3M in expenses, a surplus of $23.4M.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

85/100 mission score, 2 red flags, and 5 strengths are shown from structured and AI review.

Is United States Pharmacopeial Convention Inc Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
80%Program Expense
$0Grants Paid
14Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

United States Pharmacopeial Convention Inc Expense Deployment
Program services$264.3M (80%)

Across stored filings, United States Pharmacopeial Convention Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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United States Pharmacopeial Convention Inc Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 2 red flags identified
Mission spend80% to programsExcellent
Financial durabilityGrade A14 stored filing years
Peer contextCompare with Main Street Mobile Treatment Associates IncMaryland and Health context

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United States Pharmacopeial Convention Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About United States Pharmacopeial Convention Inc

United States Pharmacopeial Convention Inc (EIN: 131656692) is a nonprofit organization based in Rockville, MD, classified under NTEE code E050. The organization reported total revenue of $585.2M and total assets of $788.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United States Pharmacopeial Convention Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

67Years Operating
MajorSize Classification
14Years of Filings
MixedRevenue Trajectory

United States Pharmacopeial Convention Inc is a major nonprofit that has been operating for 67 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.8%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Total Revenue$353.7M
Total Expenses$330.3M
Surplus / Deficit+$23.4M
Total Assets$750.8M
Total Liabilities$188.1M
Net Assets$562.7M
Operating Margin6.6%
Debt-to-Asset Ratio25.1%
Months of Reserves27.3 months

Financial Health Grade: A

In 2024, United States Pharmacopeial Convention Inc reported a surplus of $23.4M with revenue exceeding expenses, holds 27.3 months of operating reserves (strong position), has a debt-to-asset ratio of 25.1% (moderate leverage).

Financial Trends

Over 14 years of filings (2011–2024), United States Pharmacopeial Convention Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.

YearRevenue ChangeExpense ChangeAsset Change
2024+2.2%+5.4%+7.0%
2023+1.2%+7.8%+7.0%
2022+3.4%+1.6%-1.8%
2021+3.9%-6.5%+19.5%
2020-4.3%+1.7%+3.3%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date1959

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

The United States Pharmacopeial Convention Inc (USP) demonstrates robust financial health, consistently generating significant revenue and maintaining a strong asset base. Over the past decade, USP has shown steady growth in both revenue and assets, with revenue increasing from $230.7 million in 2015 to $353.7 million in 2024, and assets growing from $405.2 million to $750.8 million in the same period. The organization consistently reports a surplus of revenue over expenses, indicating sound financial management and the ability to reinvest in its mission. For instance, in 2024, revenue was $353.7 million against expenses of $330.3 million, resulting in a surplus of over $23 million. USP's spending efficiency appears strong, with a significant portion of its expenses likely directed towards its program services, given its mission to improve global health through public standards and related programs. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent surpluses suggest that the organization is effectively managing its operational costs. The organization's NTEE code E050 (Medical Research) further supports the expectation of substantial program spending. Regarding transparency, the consistent filing of IRS Form 990s over 14 periods indicates a commitment to public disclosure of its financial activities. The provided data, including revenue, expenses, assets, liabilities, and officer compensation, offers a good overview of its financial status. The consistent reporting of 0% for officer compensation in the provided summary data is noteworthy and suggests that executive compensation is either not reported in this specific field or is structured differently, which warrants further investigation into the full 990 forms for a complete understanding of executive pay.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates United States Pharmacopeial Convention Inc with a Mission Score of 85 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: 15%
  • programs: 80%
  • fundraising: 5%

According to IRS 990 filings, United States Pharmacopeial Convention Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

$353.7MTotal Revenue
$330.3MTotal Expenses
$750.8MTotal Assets
$188.1MTotal Liabilities
$562.7MNet Assets
  • The organization reported a surplus of $23.4M, with revenue exceeding expenses.
  • Debt-to-asset ratio: 25.1%.

Executive Compensation Analysis

The provided data consistently shows 0% for officer compensation across all listed periods. This suggests that either executive compensation is not reported in this specific summary field, or it is structured in a way that it does not appear as a percentage of total expenses in this context, warranting a deeper dive into the full 990 forms to understand executive pay practices for an organization of its size with hundreds of millions in revenue.

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 United States Pharmacopeial Convention Inc's IRS 990 filings:

  • Lack of detailed officer compensation information in summary data (reported as 0%)
  • Absence of specific program, administrative, and fundraising expense ratios in summary data

Strengths

The following positive indicators were identified for United States Pharmacopeial Convention Inc:

  • Consistent revenue growth, from $230.7M in 2015 to $353.7M in 2024
  • Strong asset base growth, from $405.2M in 2015 to $750.8M in 2024
  • Consistent financial surpluses, indicating sound financial management (e.g., $23.4M surplus in 2024)
  • Long history of IRS 990 filings, demonstrating commitment to transparency
  • Healthy asset-to-liability ratio, indicating financial stability (e.g., $750.8M assets vs $188.1M liabilities in 2024)

Frequently Asked Questions about United States Pharmacopeial Convention Inc

Is United States Pharmacopeial Convention Inc a legitimate charity?

United States Pharmacopeial Convention Inc (EIN: 131656692) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $585.2M. 2 red flags identified. 5 strengths noted. Financial health grade: A.

How does United States Pharmacopeial Convention Inc spend its money?

United States Pharmacopeial Convention Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.

Are donations to United States Pharmacopeial Convention Inc tax-deductible?

United States Pharmacopeial Convention Inc is registered as a tax-exempt nonprofit (EIN: 131656692). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of United States Pharmacopeial Convention Inc's spending goes to programs?

United States Pharmacopeial Convention Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does United States Pharmacopeial Convention Inc compare to similar nonprofits?

With a transparency score of 85/100 (Excellent), United States Pharmacopeial Convention Inc is above average for NTEE category E050 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is United States Pharmacopeial Convention Inc located?

United States Pharmacopeial Convention Inc is headquartered in Rockville, Maryland and files with the IRS under EIN 131656692. It is classified under NTEE code E050.

How many years of IRS 990 filings does United States Pharmacopeial Convention Inc have?

United States Pharmacopeial Convention Inc has 14 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 $585.2M in total revenue.

What is the detailed breakdown of program, administrative, and fundraising expenses?

The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. A review of the full IRS Form 990 would be necessary to determine these specific percentages and assess spending efficiency more precisely.

How is executive compensation structured, given the 0% reported in the summary data?

The consistent reporting of 0% for officer compensation in the summary data is unusual for an organization of this size. Further investigation into the full IRS Form 990s, specifically Schedule J, would be required to understand how executive compensation is reported and paid.

What are the primary sources of USP's substantial revenue?

While the summary data shows significant revenue growth, it does not specify the sources. Given USP's mission, revenue likely comes from sales of pharmacopeial standards, publications, and related services, as well as potentially grants or contributions. The full 990 would detail these revenue streams.

Filing History

IRS 990 filing history for United States Pharmacopeial Convention Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), United States Pharmacopeial Convention Inc's revenue has grown by 135.6%, moving from $150.1M to $353.7M. Total assets increased by 128.3% over the same period, from $329.0M to $750.8M. Total functional expenses rose by 145.9%, from $134.4M to $330.3M. In its most recent filing year (2024), United States Pharmacopeial Convention Inc reported a surplus of $23.4M, with revenue exceeding expenses. The organization holds $188.1M in liabilities against $750.8M in assets (debt-to-asset ratio: 25.1%), resulting in net assets of $562.7M.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2024 $353.7M $330.3M $750.8M $188.1M View 990
2023 $346.3M $313.3M $701.8M $190.9M View 990
2022 $342.3M $290.5M $655.7M $194.3M View 990
2021 $331.1M $286.0M $667.9M $205.4M View 990
2020 $318.7M $305.7M $558.9M $185.6M View 990
2019 $332.9M $300.6M $541.2M $181.8M View 990
2018 $324.2M $280.0M $496.7M $172.0M View 990
2017 $288.3M $267.3M $455.1M $172.0M View 990
2016 $264.4M $232.4M $414.9M $169.0M View 990
2015 $230.7M $202.3M $405.2M $177.4M View 990
2014 $203.2M $196.9M $365.9M $161.4M View 990
2013 $184.1M $177.4M $370.1M $174.1M View 990
2012 $162.7M $154.3M $331.5M $145.8M View 990
2011 $150.1M $134.4M $329.0M $150.6M View 990

Year-by-Year Financial Summary

  • 2024: Revenue of $353.7M, expenses of $330.3M, and assets of $750.8M (revenue +2.2% year-over-year).
  • 2023: Revenue of $346.3M, expenses of $313.3M, and assets of $701.8M (revenue +1.2% year-over-year).
  • 2022: Revenue of $342.3M, expenses of $290.5M, and assets of $655.7M (revenue +3.4% year-over-year).
  • 2021: Revenue of $331.1M, expenses of $286.0M, and assets of $667.9M (revenue +3.9% year-over-year).
  • 2020: Revenue of $318.7M, expenses of $305.7M, and assets of $558.9M (revenue -4.3% year-over-year).
  • 2019: Revenue of $332.9M, expenses of $300.6M, and assets of $541.2M (revenue +2.7% year-over-year).
  • 2018: Revenue of $324.2M, expenses of $280.0M, and assets of $496.7M (revenue +12.5% year-over-year).
  • 2017: Revenue of $288.3M, expenses of $267.3M, and assets of $455.1M (revenue +9.0% year-over-year).
  • 2016: Revenue of $264.4M, expenses of $232.4M, and assets of $414.9M (revenue +14.6% year-over-year).
  • 2015: Revenue of $230.7M, expenses of $202.3M, and assets of $405.2M (revenue +13.5% year-over-year).
  • 2014: Revenue of $203.2M, expenses of $196.9M, and assets of $365.9M (revenue +10.4% year-over-year).
  • 2013: Revenue of $184.1M, expenses of $177.4M, and assets of $370.1M (revenue +13.1% year-over-year).
  • 2012: Revenue of $162.7M, expenses of $154.3M, and assets of $331.5M (revenue +8.4% year-over-year).
  • 2011: Revenue of $150.1M, expenses of $134.4M, and assets of $329.0M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for United States Pharmacopeial Convention Inc:

2024 Filing 2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for United States Pharmacopeial Convention 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.

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