Pharmaceutical Research and Manufacturers of America FND Inc

Analysis

Pharmaceutical Research and Manufacturers of America FND Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1965, 61 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, Pharmaceutical Research and Manufacturers of America FND Inc reported income of $4.2m and spending of $4.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.8m to $4.2m (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2021, when income dropped by 28%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pharmaceutical Research and Manufacturers of America FND Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 78th percentile within DC. Charities of a similar size with the same main cause include Independent Electrical Contractors Training Fund Inc ($4.2m), Worcester Community Housing Resources Inc ($4.2m) and Beyond Blindness ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $544k (12% of expenses). Other salaries and wages came to $335k. At year end it held assets of $24.5m against liabilities of $405k, net assets of $24.1m. It reported 4 employees.

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.