Pharmaceutical Education & Research Institute Inc

Analysis

Pharmaceutical Education & Research Institute Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover medical research, 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 December 2021, Pharmaceutical Education & Research Institute Inc reported income of $725k and spending of $660k, spending 91% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $912k to $725k (-20%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pharmaceutical Education & Research Institute Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Valley Ambulance Service Inc ($725k), Childrens Advocacy Center of Catawba County Inc ($726k) and Ohio Cancer Research Associates ($725k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Other salaries and wages came to $321k. At year end it held assets of $235k against liabilities of $24k, net assets of $211k. It reported 5 employees.