Project Concern International FY2023 filing

San Diego, CA · Public charity (501(c)(3)) · Since 1961 · International

✓ Tax-deductible
Revenue
$4.9M
-60% vs prior year
Spent
$13.5M
To programs
98%
Net assets
$362K
By yearFY2020–FY2024
Revenue
$4.9M
FY2023▼ -60%
Revenue by fiscal year
FY2020$53.4M
FY2021$55.1M
FY2022$12.2M
FY2023$4.9M
FY2024$3.2M
FY2024$5.1M
Expenses
$13.5M
FY2023▲ +3%
Expenses by fiscal year
FY2020$49.5M
FY2021$61.3M
FY2022$13.0M
FY2023$13.5M
FY2024$3.5M
FY2024$5.0M
Net assets
$362K
FY2023▼ -96%
Net assets by fiscal year
FY2020$15.9M
FY2021$9.8M
FY2022$8.9M
FY2023$362K
FY2024$85K
FY2024$198K

From the FY2023 Form 990 (year ending September 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CProject Concern International
EINHdr · item D95-2248462
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 1963
Year of formationHdr · item L1961
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSan Diego, CA
NTEE classificationIRS BMFInternational (Q300)
WebsiteHdr · item Jwww.pciglobal.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02 Fundraising $-0.00
Program services98%$13.2M
Management & general2%$306K
Total functional expensesLn 25$13.5M

Financial health

Is it on solid ground?

Program efficiency
98%
of spending reaches programs
Operating runway
0.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-173%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$1.4M
FY2023▼ -87%
Total assets by fiscal year
FY2020$25.3M
FY2021$17.1M
FY2022$10.3M
FY2023$1.4M
FY2024$1.9M
FY2024$806K
Total liabilities
$993K
FY2023▼ -31%
Total liabilities by fiscal year
FY2020$9.4M
FY2021$7.4M
FY2022$1.4M
FY2023$993K
FY2024$1.9M
FY2024$608K
Revenue less expensesPt I · Ln 19−$8.5M
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$904K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$993K
Total net assetsLn 32$362K
Months of cash on handcomputed0.8

Statement of Revenue

Part VIII
Contributions & grants$4.9M · 99%
Investment income$44K · 1%
Contributions & grants99%$4.9M
Investment income1%$44K
Other revenue$26
— government grantsLn 1e$4.5M
Total revenueLn 12$4.9M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $904K · Operating expenses/yr $13.5M
0.8 months
Where the money goes
Program services
Program services $13.2M · Total expenses $13.5M
98%
Management & General
Management & general $306K · Total expenses $13.5M
2%
Fundraising
Fundraising −$6K · Total expenses $13.5M
-0.05%
Cost to raise $1
Fundraising expense (3-yr avg) $634K · Solicited contributions (3-yr avg) $7.1M
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.9M · Total revenue $4.9M
99%
Government reliance
Government grants $4.5M · Total revenue $4.9M
91%
Earned-income share
Program service revenue $0 · Total revenue $4.9M
0%
Investment reliance
Investment income $44K · Total revenue $4.9M
+0.9%
Program self-sufficiency
Program service revenue $0 · Total expenses $13.5M
0%
Growth & trend
Revenue growth (YoY)
This year $4.9M · Prior year $12.2M
-60%
Net-asset trend (YoY)
End of year $362K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.9M · Expenses $13.5M
-173%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
—
Net-asset ratio
Net assets $362K · Total assets $1.4M
27%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Potter · Reported title CHAIR · Highest reported compensation $0 · Total expenses $13.5M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.5M · Total expenses $13.5M
11%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%——
Overhead ratio 2%——
Fundraising cost ratio -0.1%——
Revenue growth -60%——
Legal fee ratio <0.01%——
Accounting fee ratio 0.3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Former Highly Compensated Employee
$160,185Pt VII · Sec A
Former Highly Compensated Employee
$158,380Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
President & Chief Executive Officer
$0Pt VII · Sec A
Co-Chair (through 09/23)
$0Pt VII · Sec A

Mark O'Donnell’s $160K as Former Highly Compensated Employee is at the 62nd percentile of top reported officer pay among 1169 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2023FY2022FY2021FY2020
Carrie Hessler-Radelet—$253,335$385,843$357,724
Nicolas Ford—$213,157$337,933$308,706
Mark O'Donnell$160,185$235,066$223,195$211,329
Janine Schooley$158,380$231,722$223,235$211,227
Michael Mangano——$211,906—
Nikolos Oakley——$179,128$187,995
Peg Ross—$148,411$184,407$167,629
Julia Nemon—$175,559——

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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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • 3Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Empowers vulnerable women globally through savings groups, promoting economic and social independence.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $13.2M of program spending, described in the organization's own filed words · FY2022.
01

Her

All of pci's programs are implemented in close alignment with its organizational commitments to equity, non-discrimination, and social inclusion, and gender equality and empowerment, as core pillars of pci's development approach, cut across the other 3 "h" areas (hunger, health, and hardship).

$7.1Mprogram expense
02

Hunger

Pci takes a comprehensive approach to improving health and development outcomes by integrating its food security programs with nutrition, health, agricultural development, business enterprise, social and economic empowerment of women, food aid, and disaster risk management interventions, to ensure that vulnerable households achieve…

$4.5Mprogram expense
03

Health

As a recognized leader in the use of local programmatic platforms (uniformed services, schools, self-help groups, care groups, etc.) in order to reach the most vulnerable populations, pci has used innovative advocacy, communication, social mobilization and behavior change strategies to prevent and mitigate the spread of infectious…

$1.6Mprogram expense

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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 · FY2024
See all 5 funders →
Grants paid · 40 grants · $33.4M · 2019–2024
Global Communities INCMD · FY2024$3,652,449
Global Communities INCMD · FY2023$2,886,059
Global Communities INCMD · FY2022$9,963,845
Cooperative Housing FoundationMD · FY2021$3,309,230
Dalberg Design LLCFY2021$148,601
Cooperative Housing FoundationMD · FY2020$8,021,570
Ide GlobalCO · FY2020$730,736
Juarez & AssociatesFY2020$497,041
3strands Global FoundationCA · FY2020$291,594
Trustees of Purdue UniversityIN · FY2020$288,867
Catholic Relief ServicesMD · FY2020$263,990
Cooperative Housing FoundationMD · FY2020$225,952
Point Loma Nazarene UniversityCA · FY2020$184,667
PromundoDC · FY2020$57,790
See all 40 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $3.2M$3.5M-36% 990 PDF
FY2023 Viewing $4.9M$13.5M-60% 990 PDF
FY2022 $12.2M$13.0M-78% 990 PDF
FY2021 $55.1M$61.3M+3% 990 PDF
FY2020 $53.4M$49.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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