Psi reimagines quality healthcare

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$5.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5.5M
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
2 mo
of spending, in cash
Fine: 2.3 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
$283.0M
82% of total assets
Concern: liabilities are 82% of assets; over 80%.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$446.8M
Spent
$445.3M
To programs
93%
Net assets
$61.8M
By yearFY2020–FY2024
Revenue
$446.8M
FY2020
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
$445.3M
FY2020
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
$61.8M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

93 cents of each dollar spent went to programs.

Program services 93% · $413.1M Management & general 7% · $31.2M Fundraising 0% · $1.0M

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

35 people listed on the 990; $5.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
Project Director, HIV/Aids
$613,699Pt VII · Sec A
Chief Operating Officer
$381,368Pt VII · Sec A
SVP, Wash & Chief Evid. Off.
$375,371Pt VII · Sec A
President & CEO
$371,274Pt VII · Sec A
SR. Vice President
$343,995Pt VII · Sec A
Senior Vice President & CFO
$332,582Pt VII · Sec A
Chief Delivery Officer
$322,618Pt VII · Sec A
SR. Cr Zimbabwe
$265,564Pt 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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3 programs · $413.1M · in their own filed words · FY2020
01

Sexual Planning and Reproductive Health and HIV/Tb

Psi works to ensure universal access to sexual and reproductive health services, including revolutionizing access to contraception for adolescents. We shape markets and service delivery efforts to advance self-care options, such as the injectable contraceptive dmpa-sc and on-demand emergency contraception, as well as long-acting…

$194.5Mprogram expense
02

Malaria

Psi has supported efforts to increase access to effective malaria prevention and treatment interventions working closely with ministries of health, primarily in africa and asia, to scale up proven interventions and sustain coverage over time.

$137.0Mprogram expense
03

Psi's other primary health areas include the areas of water, sanitation and hygiene (wash); gender-based violence; and non-communicable disease and respiratory illness.

$81.6Mprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$446.8M
Ln 12
Gifts and grantsLn 1h$446.0M
Investment incomeLn 3$779K
Other incomeLn 4–11$60K
Money outPt IX
$445.3M
Ln 25
Programscol B$413.1M
Managementcol C$31.2M
Fundraisingcol D$1.0M
Owns and owesPt X
$61.8M
net assets · Ln 32
Cash and savingsLn 1–2$87.1M
Total assetsLn 16$344.8M
LiabilitiesLn 26$283.0M
PeoplePt VI, VII
35
listed · VII A
PaidVII A19
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$446.0M
Government grantsLn 1e$246.7M
Noncash giftsLn 1g$23.5M
Investment incomeLn 3$779K
Other incomeLn 4–11$60K
Gains on assetsLn 7$62K
Total revenueLn 12$446.8M
Assets in detailPt X, end of year
CashLn 1$87.1M
SavingsLn 2$0
Cash and savings togetherLn 1–2$87.1M
InvestmentsLn 11–13$28.5M
Land, buildings, equipmentLn 10c$48.3M
Other assetsLn 15$50.7M
Total assetsLn 16$344.8M
LiabilitiesLn 26$283.0M
Net assetsLn 32$61.8M
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 FY20End FY20
Cash and savingsLn 1–2$51.6M$87.1M
InvestmentsLn 11–13$26.7M$28.5M
Land, buildings, equipmentLn 10c$49.0M$48.3M
Total assetsLn 16$316.9M$344.8M
LiabilitiesLn 26$257.3M$283.0M
Net assetsLn 32$59.7M$61.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$17.4M$17.4M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$170.1M$170.1M
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$4.2M$3.9M$302K$8K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$91.9M$72.2M$19.3M$413K
Pension plan contributionsLn 8$2.4M$1.3M$1.1M$25K
Other employee benefitsLn 9$4.4M$2.4M$2.0M$46K
Payroll taxesLn 10$2.8M$1.6M$1.2M$27K
Management feesLn 11a$0
Legal feesLn 11b$721K$355K$349K$17K
Accounting feesLn 11c$1.1M$622K$439K$0
Lobbying feesLn 11d$10K$0$10K$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$19.4M$16.6M$2.4M$314K
Advertising and promotionLn 12$9.4M$9.4M$2K$0
Office expensesLn 13$4.5M$3.9M$614K$15K
Information technologyLn 14$1.7M$972K$704K$872
RoyaltiesLn 15$0
OccupancyLn 16$9.6M$6.7M$2.9M$0
TravelLn 17$11.0M$10.6M$364K$31K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$14.2M$14.1M$114K$1K
InterestLn 20$50K$3K$47K$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$379K$6K$372K$0
InsuranceLn 23$2.1M$1.8M$340K$0
Other expenses (24a–d)Ln 24$77.9M$79.1M−$1.3M$110K
Total functional expensesLn 25$445.3M$413.1M$31.2M$1.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $446,812,754 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $489,970,933$445,974,379
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,804,952$778,676
I-11 Other revenuePrior year −$160,909$59,699
I-12 Total revenuePrior year $493,614,976$446,812,754
I-13 Grants and similar amounts paidPrior year $254,592,691$187,489,525
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $103,158,882$105,822,101
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $132,936,199$151,984,100
I-18 Total expensesPrior year $490,687,772$445,295,726
I-19 Revenue less expensesPrior year $2,927,204$1,517,028
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $446,812,754 across 10 lines filed
VIII-1e Government grants$246,697,256
VIII-1f All other contributions, gifts and grants$199,277,123
VIII-1g Noncash contributions (included above)$23,470,372
VIII-1h Total contributions, gifts and grants$445,974,379
VIII-3 Investment incomeExcluded from tax $717,156$717,156
VIII-5 Royalties$0
VIII-6 Net rental income or lossUnrelated business $150,177 · Excluded from tax −$90,478$59,699
VIII-7 Net gain or loss on sales of assetsExcluded from tax $61,520$61,520
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueUnrelated business $150,177 · Excluded from tax $688,198$446,812,754
Part IX · Statement of functional expenses $445,295,726 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $17,359,954$17,359,954
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $170,129,571$170,129,571
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $3,939,200 · Management $302,217 · Fundraising $8,397$4,249,814
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $72,211,375 · Management $19,285,136 · Fundraising $413,208$91,909,719
IX-8 Pension plan contributionsPrograms $1,328,876 · Management $1,088,584 · Fundraising $24,752$2,442,212
IX-9 Other employee benefitsPrograms $2,423,643 · Management $1,972,443 · Fundraising $46,454$4,442,540
IX-10 Payroll taxesPrograms $1,562,466 · Management $1,188,262 · Fundraising $27,088$2,777,816
IX-11a Management fees$0
IX-11b Legal feesPrograms $354,573 · Management $348,956 · Fundraising $17,214$720,743
IX-11c Accounting feesPrograms $621,655 · Management $439,299 · Fundraising $0$1,060,954
IX-11d Lobbying feesPrograms $0 · Management $10,176 · Fundraising $0$10,176
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $16,637,148 · Management $2,437,380 · Fundraising $313,680$19,388,208
IX-12 Advertising and promotionPrograms $9,412,104 · Management $2,117 · Fundraising $0$9,414,221
IX-13 Office expensesPrograms $3,867,044 · Management $613,935 · Fundraising $15,086$4,496,065
IX-14 Information technologyPrograms $972,469 · Management $704,403 · Fundraising $872$1,677,744
IX-15 Royalties$0
IX-16 OccupancyPrograms $6,701,870 · Management $2,896,052 · Fundraising $0$9,597,922
IX-17 TravelPrograms $10,576,497 · Management $363,821 · Fundraising $31,417$10,971,735
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $14,113,310 · Management $113,771 · Fundraising $1,309$14,228,390
IX-20 InterestPrograms $2,996 · Management $46,576 · Fundraising $0$49,572
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $6,198 · Management $372,356 · Fundraising $0$378,554
IX-23 InsurancePrograms $1,759,947 · Management $340,317 · Fundraising $0$2,100,264
IX-24 Other expenses (24a–d)Programs $79,127,455 · Management −$1,347,881 · Fundraising $109,978$77,889,552
IX-25 Total functional expensesPrograms $413,108,351 · Management $31,177,920 · Fundraising $1,009,455$445,295,726
Part X · Balance sheet $344,771,315 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $51,587,131$87,145,448
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $69,221,030$61,046,219
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $59,714,591$54,348,662
X-9 Prepaid expenses and deferred chargesStart of year $8,972,323$14,743,350
X-10c Land, buildings and equipment, netStart of year $49,029,291$48,319,431
X-11 Publicly traded securitiesStart of year $26,748,476$28,454,194
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $51,665,228$50,714,011
X-16 Total assetsStart of year $316,938,070$344,771,315
X-17 Accounts payable and accrued expensesStart of year $69,088,037$65,212,088
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $149,238,639$179,637,007
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 $0$0
X-26 Total liabilitiesStart of year $257,262,595$282,986,850
X-27 Net assets without donor restrictionsStart of year $48,270,706$51,397,299
X-28 Net assets with donor restrictionsStart of year $11,404,769$10,387,166
X-32 Total net assets or fund balancesStart of year $59,675,475$61,784,465
X-33 Total liabilities and net assetsStart of year $316,938,070$344,771,315
Part XI · Reconciliation of net assets $61,784,465 net assets at year end
XI-1 Total revenue$446,812,754
XI-2 Total expenses$445,295,726
XI-3 Revenue less expenses$1,517,028
XI-4 Net assets at start of year$59,675,475
XI-5 Net unrealized gains (losses) on investments$1,002,032
XI-9 Other changes in net assets−$410,070
XI-10 Net assets at end of year$61,784,465

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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