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Physicians Committee for Responsible Medicine

CharityWatch report issued
October 2021

Top-Rated Charity
B+
CharityWatch Grade
Our independent grade based
on a number of factors.
 
73%
Program Percentage
Amount spent on programs
relative to overhead.
 
$22
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Physicians Committee for Responsible Medicine
5100 Wisconsin Ave., NW
Suite 400
Washington, DC 20016

Other Names

Barnard Medical Center
PCRM
PCRM Clinic
PCRM Foundation

Tax Status

501(c)3

Website

www.pcrm.org

Stated Mission

Promotes preventative medicine, particularly good nutrition, conducts clinical research, and encourages higher standards for ethics & effectiveness in research.

View similar charities
Data based on Fiscal Year Ended 07/31/2020

Program Percentage: 73%

The percentage of Physicians Committee for Responsible Medicine's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$17,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $22

How many dollars Physicians Committee for Responsible Medicine spends on fundraising to raise each $100 of contributions.

$14,000,000

Calculated Total Contributions

(rounded)

Joint Costs

Physicians Committee for Responsible Medicine's rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.

Program % Cost to Raise $100
79% $15
Accounting rules allow charities to report some telemarketing, direct mail, and other solicitation costs as Program expenses. CharityWatch believes that most donors do not consider a charity's solicitation activities to be the Programs they are intending to support with their donations. We therefore adjust such expenses out of a charity's reported Program expense and add it to Fundraising expense prior to calculating its rating.

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Physicians Committee for Responsible Medicine Audited Consolidated Financial Statements Multiple
Physicians Committee for Responsible Medicine IRS Form 990 52-1394893
The PCRM Foundation IRS Form 990 73-1669893
PCRM Clinic IRS Form 990 46-4057257
Entity: Physicians Committee for Responsible Medicine
Document Type: Audited Consolidated Financial Statements
Tax ID: Multiple
Entity: Physicians Committee for Responsible Medicine
Document Type: IRS Form 990
Tax ID: 52-1394893
Entity: The PCRM Foundation
Document Type: IRS Form 990
Tax ID: 73-1669893
Entity: PCRM Clinic
Document Type: IRS Form 990
Tax ID: 46-4057257

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Physicians Committee for Responsible Medicine
meets governance benchmarks.
 
Physicians Committee for Responsible Medicine
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy Opt-Out Policy  

  Name Title Compensation
1 Hana Kahleova, M.D. Director of Clinical Research $173,291
2 Stephen Kane VP of Finance $127,831
3 John Pippin, M.D. Director of Academic Affairs $122,019
1
Name: Hana Kahleova, M.D.
Title: Director of Clinical Research
Compensation: $173,291
2
Name: Stephen Kane
Title: VP of Finance
Compensation: $127,831
3
Name: John Pippin, M.D.
Title: Director of Academic Affairs
Compensation: $122,019

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

CharityWatch's rating of Physicians Committee for Responsible Medicine (PCRM) also includes the financial activities of PCRM's wholly owned and controlled subsidiaries, The PCRM Foundation and PCRM Clinic d/b/a the Barnard Medical Center, the accounts of which are consolidated in the PCRM audited financial statements for the fiscal year ended July 31, 2020. All intercompany balances and transactions are eliminated in the audit consolidation. PCRM, The PCRM Foundation, and PCRM Clinic are each 501(c)(3) public charity organizations.

According to the Physicians Committee for Responsible Medicine (PCRM) consolidated audit of July 31, 2020 (Note 2 re: Donated Materials and Services), PCRM received in-kind donated materials & advertising in fiscal 2020 on which it placed a value of $297,808, and in-kind donated services on which it placed a value of $239,000.

Of the $297,808 in donated materials & advertising received, $272,888 consisted of "Google Ads," according to the PCRM fiscal 2020 tax filing (IRS Form 990, Schedule M).

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to the Physicians Committee for Responsible Medicine consolidated audit of July 31, 2020 (Note 9, Paycheck Protection Program Loans):

"On May 20, 2020, the Physicians Committee and BMC [Barnard Medical Center] each received loans under the Paycheck Protection Program ('PPP'). The PPP, established as part of the Coronavirus Aid Relief and Economic Security Act ('CARES Act'), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after twenty-four weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the twenty-four week period.

"The Physicians Committee received a PPP loan of $1,319,635 and BMC's PPP loan was for $185,000 for a total loan amount as of July 31, 2020 of $1,504,635. 

"...[T]he unforgiven portion of the PPP loans are payable over two years at an interest rate of 1%, with a deferral of payments for ten months after the end of the covered period. Under the CARES Act, the covered period is defined as the 24 week period from the date the loan proceeds are received. As of July 31, 2020, the application for loan forgiveness has not been submitted. If loan forgiveness is not obtained the loans are due to be repaid beginning in August of 2021 with monthly installments of $55,559 and $7,789 for the Physicians Committee and BMC, respectively."

[...]

"The Physicians Committee and BMC intend to use the [PPP loan] proceeds for purposes consistent with the CARES Act requirements. As of July 31, 2020, no determination has been made as to whether the loans will be forgiven in whole or in part. However, the Physicians Committee and BMC expect the use of the loan proceeds will meet the conditions to achieve full forgiveness under the CARES Act."


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