Patient Access Network Foundation

Analysis

Patient Access Network Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2004, 22 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Patient Access Network Foundation reported income of $374.4m and spending of $288.1m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $450.9m to $374.4m (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Patient Access Network Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within DC. Charities of a similar size with the same main cause include Childrens Health Care Associates Inc ($370.5m), Nuvance Health Medical Practice CT Inc ($377.7m) and Providence Facey Medical Foundation ($365.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $2.9m (1.0% of expenses). Other salaries and wages came to $8.1m. It paid $578k in professional fundraising fees. At year end it held assets of $468.6m against liabilities of $107.4m, net assets of $361.2m. It reported 199 employees.