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Population Services International

CharityWatch report issued
June 2018

Top-Rated Charity
A+
CharityWatch Grade
Our independent grade based
on a number of factors.
 
92%
Program Percentage
Amount spent on programs
relative to overhead.
 
$1
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Population Services International
1120 19th Street NW
Suite 600
Washington , DC 20036

Other Names

PSI

Tax Status

501(c)3

Website

www.psi.org

Stated Mission

Makes it easier for people in the developing world to lead healthier lives and plan the families they desire by marketing affordable products and services.

View similar charities
Data based on Fiscal Year Ended 12/31/2016

Program Percentage: 92%

The percentage of Population Services International's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$531,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $1

How many dollars Population Services International spends on fundraising to raise each $100 of contributions.

$337,000,000

Calculated Total Contributions

(rounded)

Government Funding

25% to 49%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Population Services International IRS Form 990 56-0942853
Population Services International Audited Consolidated Financial Statements Multiple
Entity: Population Services International
Document Type: IRS Form 990
Tax ID: 56-0942853
Entity: Population Services International
Document Type: Audited Consolidated Financial Statements
Tax ID: Multiple

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?
 
Population Services International
meets governance benchmarks.
 
Population Services International
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 No Sharing  

  Name Title Compensation
1 Peter Clancy Executive VP/COO $476,056
  Note: Includes $221,888 severance payment.
2 Karl W. Hofmann President/CEO $461,856
3 Michael Holscher Senior VP/Chief Strategy & Resources Officer $363,873
1
Name: Peter Clancy
Title: Executive VP/COO
Compensation: $476,056
Note: Includes $221,888 severance payment.
2
Name: Karl W. Hofmann
Title: President/CEO
Compensation: $461,856
3
Name: Michael Holscher
Title: Senior VP/Chief Strategy & Resources Officer
Compensation: $363,873

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 Population Services International (PSI) includes "the accounts of PSI and its network members worldwide...where PSI has control in the form of majority voting interest in the Board of Directors, management of the leadership position or a majority source of funding," which are consolidated in the PSI audited financial statements for the fiscal year ended December 31, 2016, according to Note 2(b). The worldwide network members consolidated in the PSI audited financial statements operated in 48 countries in 2016, according to Note 2(b).


Whenever practicable, CharityWatch obtains consolidated or combined audited financial statements that include all of the entities of a charity. Such an audit eliminates transactions among related entities and allows us to determine how efficiently an organization is operating on the whole.

For more information on this topic, please see our section on Treatment of Related Organizations, which can be found on the Our Process page.
According to the Population Services International (PSI) 2016 tax filing re: Part VI, Section A, Line 5, which asks: "Did the organization become aware during the year of a significant diversion of the organization's assets?":

"During 2016, PSI became aware of significant diversions of assets totaling $822,151 in different instances across various countries, which included $543,626 of theft by third parties and $278,525 of diversions involving PSI employees. PSI operates in challenging operating environments and while PSI implements necessary controls and security to secure the assets under our control in these instances conflicts in the operating countries meant we were unable to secure the assets against looting and theft. PSI also has established internal controls to guard against internal diversions of assets, but in 2016 there were instances where controls were overridden and losses occurred. For all instances reported, PSI performed investigations to determine the extent of the issue, reported the value to any funders whose activities were impacted by the diversions, ensured that funds were returned from other sources, and identified improvements to internal controls to reduce the risk of similar occurrences in the future" (IRS Form 990, Schedule O).

[Note: PSI also reported a significant diversion of assets on its tax filing for each year from 2012-2015.]
According to the Population Services International (PSI) consolidated audit of December 31, 2016 (Note 2(t), In-Kind Contributions), PSI reports receiving "donated commodities, equipment, and services" on which it placed a total value of $58,121,949 in 2016.

[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 Population Services International (PSI) 2016 tax filing, PSI reports for Compensation Information:

"Incentive Compensation Policy:
The Organization maintains an incentive compensation policy as a means of rewarding employees in their achieving individual and organizational goals" (IRS Form 990, Schedule J, Part III).

PSI reports re: Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees compensated more than $100,000 in 2016, "Bonus & incentive compensation" paid to 15 employees. Of those 15 employees, nine are reported to have received "Bonus & incentive compensation" in the amount of $8,000 or less in 2016. The remaining six employees are reported to have received "Bonus & incentive compensation" in an amount ranging from $18,000 to $41,000, as part of reported total compensation amounts that range from $337,948 to $476,056 in 2016 (IRS Form 990, Schedule J, Part II).


PSI also reports for Compensation Information: "Peter Clancy received a severance payment of $221,888" (IRS Form 990, Schedule J, Part III). Peter Clancy is reported as the Executive Vice President & COO, and his reported total compensation in 2016 is $476,056 (IRS Form 990, Schedule J, Part II).

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