Patients for Affordable Drugs

Analysis

Patients for Affordable Drugs is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2017, 9 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, Patients for Affordable Drugs reported income of $2.3m and spending of $1.6m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.3m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2022, when income rose by 236%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Patients for Affordable Drugs sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 69th percentile within DC. Charities of a similar size with the same main cause include Mainstay Supportive Housing & Home Care ($2.3m), Princeton First Aid and Rescue Squad Inc ($2.3m) and Good Shepherd Free Medical Clinic of Laurens County ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $412k (25% of expenses). Other salaries and wages came to $594k. At year end it held assets of $1.3m against liabilities of $108k, net assets of $1.2m. It reported 14 employees.