Psi reimagines quality healthcare

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 15 volunteers and 408 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $1.4M a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.2M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $56K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$181.5M
70% of total assets
Worth a look: liabilities are 70% of assets; over 65%.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$306.3M
-12% vs prior year
Spent
$307.1M
To programs
91%
Net assets
$76.1M
By yearFY2020–FY2024
Revenue
$306.3M
FY2024▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$446.8M
FY2021$442.5M
FY2022$358.8M
FY2023$349.7M
FY2024$306.3M
Expenses
$307.1M
FY2024▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$445.3M
FY2021$433.1M
FY2022$358.3M
FY2023$353.3M
FY2024$307.1M
Net assets
$76.1M
FY2024▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$61.8M
FY2021$73.4M
FY2022$75.1M
FY2023$75.7M
FY2024$76.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1971.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $278.6M Management & general 9% · $27.3M Fundraising 0% · $1.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

31 people listed on the 990; $4.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$482,271Pt VII · Sec A
Senior Vice President & CFO
$418,333Pt VII · Sec A
Chief Delivery Officer
$386,317Pt VII · Sec A
Chief Human Resource Officer
$329,410Pt VII · Sec A
Director, HIV/Tb
$298,519Pt VII · Sec A
Senior Advisor, Health Security
$289,814Pt VII · Sec A
Country Representative
$283,308Pt VII · Sec A
Vp,social Busi. & Global Ops.
$272,447Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Shawn Malone—$267,510$307,995$321,148$613,699
Karl W Hofmann$482,271$441,188$486,938$408,879$371,274
Kim Schwartz$418,333$400,158$387,367$376,150$332,582
Michael Holscher$386,317$410,548$397,371$384,413$322,618
Judith Heichelheim———$141,231$381,368
Desmond Chavasse————$375,371
Kathryn M Roberts————$343,995
Brandon Guzzone$329,410$333,435$308,428$275,245$245,766

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Delivers affordable global healthcare products, services, and information, focusing on reproductive health, malaria, HIV, and sanitation to help families in developing countries thrive.

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Provided by the organization

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1 program · $278.6M · in their own filed words · FY2024
01

Psi focuses on global health, including the areas of sexual and reproductive health, malaria, HIV/AIDS, water, sanitation, and HYGIENE.PSI approaches care from the consumers' perspective, providing life-saving information, products, and services to tackle some of the world's most pressing health problems so that people can lead…

$278.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
EcotrustFY2025$30K
Total grants receivedfrom 3 funders$56K
See all 3 funders →
Grants paid · 105 grants · $129.5M · 2020–2024
Jhpiego CorporationMD · FY2024$4,577,679
Path (people Acting to Help) INCPA · FY2024$4,252,906
Fhi 360NC · FY2024$3,327,609
Care InternationalGA · FY2024$1,684,861
Msi USDC · FY2024$1,159,113
Concern Worldwide U S INCNY · FY2024$1,064,946
Athena Infonomics LLCFY2024$322,794
Thinkwell InstituteDC · FY2024$203,464
Planet Partnerships LLCFY2024$176,220
Partners in Compassion INCNJ · FY2024$172,145
Dkt International INCDC · FY2024$116,051
White Ribbon Alliance INCDC · FY2024$113,383
Avenir Health INCCT · FY2024$46,749
See all 105 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$306.3M
Ln 12
Gifts and grantsLn 1h$303.5M
Investment incomeLn 3$2.7M
Other incomeLn 4–11$118K
Money outPt IX
$307.1M
Ln 25
Programscol B$278.6M
Managementcol C$27.3M
Fundraisingcol D$1.2M
Owns and owesPt X
$76.1M
net assets · Ln 32
Cash and savingsLn 1–2$71.9M
Total assetsLn 16$257.6M
LiabilitiesLn 26$181.5M
PeoplePt VI, VII
31
listed · VII A
PaidVII A14
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$303.5M
Government grantsLn 1e$153.4M
Noncash giftsLn 1g$17.4M
Investment incomeLn 3$2.7M
Other incomeLn 4–11$118K
Gains on assetsLn 7$647K
Total revenueLn 12$306.3M
Assets in detailPt X, end of year
CashLn 1$71.9M
SavingsLn 2$0
Cash and savings togetherLn 1–2$71.9M
InvestmentsLn 11–13$30.7M
Land, buildings, equipmentLn 10c$49.0M
Other assetsLn 15$44.9M
Total assetsLn 16$257.6M
LiabilitiesLn 26$181.5M
Net assetsLn 32$76.1M
OperationsPt I, VI
EmployeesI 5408
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$104.6M$71.9M
InvestmentsLn 11–13$29.1M$30.7M
Land, buildings, equipmentLn 10c$46.0M$49.0M
Total assetsLn 16$296.8M$257.6M
LiabilitiesLn 26$221.1M$181.5M
Net assetsLn 32$75.7M$76.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16.4M$16.4M
Grants and assistance to foreign recipientsLn 3$71.0M$71.0M
Pay of current officers, directors and key staffLn 5$3.1M$2.8M$288K$10K
Other salaries and wagesLn 7$76.6M$60.4M$15.5M$728K
Pension plan contributionsLn 8$701K$234K$445K$22K
Other employee benefitsLn 9$3.7M$1.8M$1.8M$91K
Payroll taxesLn 10$2.3M$1.1M$1.2M$58K
Legal feesLn 11b$754K$544K$202K$8K
Accounting feesLn 11c$1.1M$617K$480K
Lobbying feesLn 11d$15K$15K
Professional fundraising feesLn 11e$52K$52K
Other fees for servicesLn 11g$18.3M$17.2M$1.0M$8K
Advertising and promotionLn 12$6.8M$6.8M$1K
Office expensesLn 13$3.3M$2.9M$400K$9K
Information technologyLn 14$1.9M$857K$1.1M$204
OccupancyLn 16$6.9M$4.1M$2.8M
TravelLn 17$10.1M$9.6M$457K$37K
Conferences, conventions and meetingsLn 19$11.4M$11.2M$122K$7K
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$448K$120K$328K
InsuranceLn 23$1.5M$1.2M$322K$4
Other expenses (24a–d)Ln 24$70.9M$69.8M$913K$150K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$307.1M$278.6M$27.3M$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $306.3M$307.1M−$817K$76.1M 990 PDF
FY2023 $349.7M$353.3M−$3.6M$75.7M 990 PDF
FY2022 $358.8M$358.3M$481K$75.1M 990 PDF
FY2021 $442.5M$433.1M$9.4M$73.4M 990 PDF
FY2020 $446.8M$445.3M$1.5M$61.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $306,308,594 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $347,939,049$303,457,212
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,577,032$2,733,823
I-11 Other revenuePrior year $169,605$117,559
I-12 Total revenuePrior year $349,685,686$306,308,594
I-13 Grants and similar amounts paidPrior year $130,519,631$87,332,039
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $97,261,047$86,462,246
I-16a Professional fundraising feesPrior year $185,207$52,064
I-17 Other expensesPrior year $125,321,911$133,279,252
I-18 Total expensesPrior year $353,287,796$307,125,601
I-19 Revenue less expensesPrior year −$3,602,110−$817,007
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $306,308,594 across 8 lines filed
VIII-1e Government grants$153,357,034
VIII-1f All other contributions, gifts and grants$150,100,178
VIII-1g Noncash contributions (included above)$17,402,491
VIII-1h Total contributions, gifts and grants$303,457,212
VIII-3 Investment incomeExcluded from tax $2,086,852$2,086,852
VIII-6 Net rental income or lossUnrelated business $117,559$117,559
VIII-7 Net gain or loss on sales of assetsExcluded from tax $646,971$646,971
VIII-12 Total revenueRelated to mission $0 · Unrelated business $117,559 · Excluded from tax $2,733,823$306,308,594
Part IX · Statement of functional expenses $307,125,601 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $16,375,888$16,375,888
IX-3 Grants and assistance to foreign recipientsPrograms $70,956,151$70,956,151
IX-5 Pay of current officers, directors and key staffPrograms $2,849,652 · Management $288,052 · Fundraising $10,484$3,148,188
IX-7 Other salaries and wagesPrograms $60,367,847 · Management $15,454,871 · Fundraising $727,700$76,550,418
IX-8 Pension plan contributionsPrograms $234,168 · Management $444,862 · Fundraising $22,390$701,420
IX-9 Other employee benefitsPrograms $1,790,444 · Management $1,832,386 · Fundraising $90,847$3,713,677
IX-10 Payroll taxesPrograms $1,125,506 · Management $1,165,157 · Fundraising $57,880$2,348,543
IX-11b Legal feesPrograms $544,253 · Management $202,204 · Fundraising $7,994$754,451
IX-11c Accounting feesPrograms $617,408 · Management $479,591$1,096,999
IX-11d Lobbying feesManagement $15,000$15,000
IX-11e Professional fundraising feesFundraising $52,064$52,064
IX-11g Other fees for servicesPrograms $17,224,273 · Management $1,018,447 · Fundraising $8,069$18,250,789
IX-12 Advertising and promotionPrograms $6,750,115 · Management $1,038$6,751,153
IX-13 Office expensesPrograms $2,921,202 · Management $399,538 · Fundraising $8,512$3,329,252
IX-14 Information technologyPrograms $857,489 · Management $1,086,692 · Fundraising $204$1,944,385
IX-16 OccupancyPrograms $4,082,602 · Management $2,803,302$6,885,904
IX-17 TravelPrograms $9,562,037 · Management $456,813 · Fundraising $37,242$10,056,092
IX-19 Conferences, conventions and meetingsPrograms $11,235,592 · Management $121,657 · Fundraising $7,452$11,364,701
IX-20 InterestManagement $8,618$8,618
IX-22 Depreciation, depletion and amortizationPrograms $120,436 · Management $327,718$448,154
IX-23 InsurancePrograms $1,150,904 · Management $321,777 · Fundraising $4$1,472,685
IX-24 Other expenses (24a–d)Programs $69,838,168 · Management $912,929 · Fundraising $149,972$70,901,069
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $278,604,135 · Management $27,340,652 · Fundraising $1,180,814$307,125,601
Part X · Balance sheet $257,582,496 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $104,552,077$71,853,875
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $38,259,218$33,169,126
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $28,197,011$21,973,074
X-9 Prepaid expenses and deferred chargesStart of year $5,716,667$5,956,192
X-10c Land, buildings and equipment, netStart of year $45,992,050$48,984,379
X-11 Publicly traded securitiesStart of year $29,095,014$30,709,467
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $44,953,372$44,936,383
X-16 Total assetsStart of year $296,765,409$257,582,496
X-17 Accounts payable and accrued expensesStart of year $34,186,162$31,613,026
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $147,628,933$111,527,586
X-20 Tax-exempt bond liabilitiesStart of year $28,200,000$28,200,000
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $3,704,690$3,700,832
X-26 Total liabilitiesStart of year $221,082,630$181,481,653
X-27 Net assets without donor restrictionsStart of year $62,607,099$63,388,036
X-28 Net assets with donor restrictionsStart of year $13,075,680$12,712,807
X-32 Total net assets or fund balancesStart of year $75,682,779$76,100,843
X-33 Total liabilities and net assetsStart of year $296,765,409$257,582,496
Part XI · Reconciliation of net assets $76,100,843 net assets at year end
XI-1 Total revenue$306,308,594
XI-2 Total expenses$307,125,601
XI-3 Revenue less expenses−$817,007
XI-4 Net assets at start of year$75,682,779
XI-5 Net unrealized gains (losses) on investments$1,204,553
XI-6 Donated services and use of facilities$724,650
XI-9 Other changes in net assets−$694,132
XI-10 Net assets at end of year$76,100,843

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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