United States Pharmacopeial Convention Inc

Analysis

United States Pharmacopeial Convention Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 1959, 67 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, United States Pharmacopeial Convention Inc reported income of $353.7m and spending of $330.3m, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $318.7m to $353.7m (+11%), an average of +2.6% a year. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, United States Pharmacopeial Convention Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MD. Charities of a similar size with the same main cause include Northeast Georgia Health System Inc ($353.5m), University of Louisville Physicians Inc ($354.0m) and Wayne Memorial Hospital Inc ($353.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.0% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $5.6m (1.7% of expenses). Other salaries and wages came to $137.3m. At year end it held assets of $750.8m against liabilities of $188.1m, net assets of $562.7m. It reported 960 employees.