Pharos Global Health Advisors Ltd

Analysis

Pharos Global Health Advisors Ltd is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in October 2016, 10 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 (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, Pharos Global Health Advisors Ltd reported income of $1.3m and spending of $1.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.3m (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pharos Global Health Advisors Ltd sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Adolescent Oasis Inc ($1.3m), Health Equity Solutions Inc ($1.3m) and Hampton Bays Volunteer Ambulance Corps ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $585k (46% of expenses). Other salaries and wages came to $248k. At year end it held assets of $1.1m against liabilities of $104k, net assets of $955k. It reported 8 employees.