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Top Rated

Project HOPE

CharityWatch report issued
May 2023

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

Contact Information

Project HOPE
1220 19th Street NW
Suite 800
Washington, DC 20036

Other Names

People-to-People Health Foundation
Project HOPE – The People-to-People Health Foundation
Project HOPE, Health Affairs

Tax Status


Stated Mission

To conduct and support programs & activities aimed at solving some of the world's greatest public health challenges. Focused on enabling health workers to have the greatest possible impact on the health of the people they serve; strengthening & improving health systems; providing disaster & humanitarian relief; and fostering & promoting health policy research.

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Data based on Fiscal Year Ended 12/31/2021

Program Percentage: 78%

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


Calculated Total Expenses



Cost to Raise $100: $25

How many dollars Project HOPE spends on fundraising to raise each $100 of contributions.


Calculated Total Contributions


Government Funding

25% to 49%

Percentage of cash revenue
coming from government sources


Financial Documents

Entity Document Type Tax ID
Project HOPE – The People-to-People Health Foundation Audited Consolidated Financial Statements multiple
Project HOPE – The People-to-People Health Foundation IRS Form 990 53-0242962
Entity: Project HOPE – The People-to-People Health Foundation
Document Type: Audited Consolidated Financial Statements
Tax ID: multiple
Entity: Project HOPE – The People-to-People Health Foundation
Document Type: IRS Form 990
Tax ID: 53-0242962

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?
Project HOPE
meets governance benchmarks.
Project HOPE
meets transparency benchmarks.
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 Alan Weil VP, Health Policy/Editor-In-Chief $474,676
2 Rabih Talih Torbay President/CEO $456,002
3 Chris Skopec Executive VP $312,802
Name: Alan Weil
Title: VP, Health Policy/Editor-In-Chief
Compensation: $474,676
Name: Rabih Talih Torbay
Title: President/CEO
Compensation: $456,002
Name: Chris Skopec
Title: Executive VP
Compensation: $312,802

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.

According to the Project HOPE (the Foundation) consolidated audit of December 31, 2021 (Note 5, Inventory), the Foundation "received donated inventory of health-related publications, pharmaceuticals, medical equipment, and supplies" on which it placed an estimated value of approximately $47,500,000. "During the same year, donated supplies, publications, pharmaceuticals, and medical equipment totaling approximately $51,100,000 were used in the Foundation's operations..."

In addition, according to the Project HOPE audited Consolidated Statement of Activities and Changes in Net Assets for the year ended December 31, 2021, Project HOPE received in-kind "Donated services" on which it placed a value of approximately $937,000.

[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 Project HOPE (the Foundation) consolidated audit of December 31, 2021 (Note 8, Paycheck Protection Program Promissory Note):

"During the year ended December 31, 2020, the Foundation received a PPP [Paycheck Protection Program] loan in the amount of $2,662,500. The PPP loan program was created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act and is administered by the Small Business Administration (SBA). Under the terms of this program, the loan may be fully or partially forgiven if the loan proceeds are spent on qualifying expenses and if staffing level and salary maintenance requirements are met. The Foundation may use the funds on qualifying expenses over a covered period of up to 24 weeks. At the conclusion of the covered period, any balance that is not forgiven by the SBA will be repaid over a period of two years from the date of disbursement, with interest accruing at a rate of 1 percent and monthly payments of principal and interest beginning 10 months after the conclusion of the covered period.

"Any request for forgiveness is subject to review and approval by the lender and the SBA... The Foundation received notification from the SBA of forgiveness of the entire loan amount on June 9, 2021. Accordingly, the Foundation has recognized $2,662,500 received under the PPP loan program as gain on debt forgiveness on the [audited] consolidated statement of activities and changes in net assets.

"Although management considers it probable that the Foundation was initially eligible for the loan and subsequent forgiveness, the SBA has the ability to review the Foundation's loan file for a period subsequent to the date the loan was forgiven and could request additional documentation to support the Foundation's initial eligibility for the loan and the request for forgiveness. In the event the SBA subsequently determines the Foundation did not meet the initial eligibility requirements for the PPP loan or did not qualify for forgiveness, the SBA may pursue legal remedies at its discretion."

According to the Project HOPE (the Foundation) consolidated audit of December 31, 2021 (Note 2 re: Investments):

"Investments are reported at management's estimate of fair value in the [audited] consolidated statement of financial position. Fair value is determined by using quoted market prices on marketable securities.

"The Foundation's investments, in general, are exposed to various risks, such as interest risk, credit risk and overall market volatility risks. In addition, due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near-term and those changes could materially affect the amounts reported in the statement of financial position."

According to the Project HOPE consolidated audit of December 31, 2021 (Note 2 re: Subsequent Events):

"Subsequent to year end, the Foundation's investment portfolio, including pension plan assets, has incurred a significant decline in fair value, consistent with the general decline in financial markets. However, because the values of individual investments fluctuate with market conditions, the amount of losses that will be recognized in subsequent periods, if any, cannot be determined."

According to the Project HOPE 2021 tax filing, Project HOPE reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):

Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, line 7):  "Performance based bonuses were paid during 2021."

Project HOPE reports "Bonus & incentive compensation" payments to four individuals in 2021 in the amount of either $1,500 (two individuals) or $1,000 (two individuals), respectively. The associated reported total compensation for the four individuals in 2021 ranges from $263,885 to $179,258 (IRS Form 990, Schedule J, Part II).