Homoeopathic Pharmacopoeia Convention of the United States

Analysis

Homoeopathic Pharmacopoeia Convention of the United States is a registered charity in United States, based in Bryn Mawr, PA. It received its IRS tax-exemption ruling in November 1981, 45 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, Homoeopathic Pharmacopoeia Convention of the United States reported income of $212k and spending of $291k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $286k to $212k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homoeopathic Pharmacopoeia Convention of the United States sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within PA. Charities of a similar size with the same main cause include Quechee Library Association ($212k), George a Wiley Center ($212k) and Winooski Partnership for Prevention Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $65k (22% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.