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Population Services International

CharityWatch report issued
October 2020

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 12/31/2018

Program Percentage: 92%

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

$492,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $1

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

$304,000,000

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

  Name Title Compensation
1 Karl W. Hofmann President/CEO $459,338
2 Kim Schwartz Senior VP/CFO $382,251
3 Elizabeth Brogaard-Allen Regional Rep, Cote D'Ivoire $379,418
1
Name: Karl W. Hofmann
Title: President/CEO
Compensation: $459,338
2
Name: Kim Schwartz
Title: Senior VP/CFO
Compensation: $382,251
3
Name: Elizabeth Brogaard-Allen
Title: Regional Rep, Cote D'Ivoire
Compensation: $379,418

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, 2018, according to Note 2(b). The worldwide network member entities consolidated in the PSI audited financial statements operated in 44 countries during 2018, according to Note 2(b). All significant intercompany balances and transactions have been eliminated in the audit consolidation.


Whenever practicable, CharityWatch obtains consolidated or combined audited financial statements that include all of the entities of a charity. Such an audit eliminates interorganizational transactions 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) consolidated audit of December 31, 2018 (Note 2(s), In-Kind Contributions), PSI reports receiving "donated commodities, equipment, and services" in 2018 on which it placed a total value of $32,208,722.

[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) consolidated audit of December 31, 2018 (Note 11, Related Party Transactions):

"PSI Europe (PSI/E) was formed in 1996 as an independently governed organization that is not consolidated in these [audited] financial statements. PSI appointed one of three founding members of PSI/E. During 2018 and 2017, PSI paid PSI/E approximately $1.1 million each year respectively in sub-award expenses. As of December 31, 2018 and 2017, PSI/E owed PSI approximately $238,000, and $288,000 in relation to advances received from PSI that were not yet spent.

"PSI has entered into certain transactions with Greenstar Social Marketing Pakistan (Guarantee) Limited (Greenstar), an organization of which PSI representatives are Board members of Greenstar and a member of Greenstar's Board is a board member on the PSI governing Board of Directors. During 2018 and 2017, PSI paid Greenstar approximately $2.3 and $1.9 million, respectively in sub-award expenses.

"Effective January 1, 2012, SFH Nigeria became an independently governed organization. In accordance with the accounting guidance on consolidation, SFH Nigeria was deconsolidated for financial reporting purposes as of the effective date. PSI representatives are Board members of SFH Nigeria and a SFH Nigeria representative is a board member on the PSI governing Board of Directors. For the years ended December 31, 2018 and 2017, PSI paid SFH Nigeria approximately $1 million and $2.8 million, respectively. Additionally, SFH Nigeria paid PSI approximately $14,000 and $400,000 for expenses due to PSI in 2018 and 2017 respectively..."

[...]

"PSI representatives are on the PS Kenya governing Board of Directors and supports [sic] PS Kenya management... Furthermore, a PS Kenya representative is a board member on the PSI governing Board of Directors. PSI paid PS Kenya approximately $4.2 and $4.8 million for the years ended December 31, 2018 and 2017, respectively. During 2018 and 2017, PS Kenya sold PSI commodities totaling, approximately $3.5 and $4.2 million, respectively, for PSI programs of which approximately $3.0 and $1.9 million, respectively, was used to fund sub-award expenses with PS Kenya."

According to the Population Services International (PSI) 2018 tax filing, PSI reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):

"Incentive Compensation Policy:

The Organization maintains an incentive compensation policy as a means of rewarding employees in their achieving individual and organizational goals."

PSI reports "Bonus & incentive compensation" payments to 15 individuals in 2018. Three individuals each received "Bonus & incentive compensation" in the amount of $30,000: Karl W. Hofmann, President & CEO; Kim Schwartz, Senior Vice President & CFO; and Michael Holscher, Senior Vice President & CSRO. Their reported total compensation in 2018 is: $459,338; $382,251; and $376,339, respectively. The other 12 reported "Bonus & incentive compensation" payments ranged from $18,750 to $900, with associated reported total compensation ranging from $379,418 to $198,711 (IRS Form 990, Schedule J, Part II).


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