Financials & Compliance
More than six decades of financial stability, so programs can launch, deepen and grow.
For more than six decades, PHI has served as the fiscal agent for the innovative projects it supports and the dynamic public health leaders it attracts. PHI remains committed to financial integrity, transparency, and stability, and to leveraging resources, partnerships and collaboration to maximize advances that improve public health and well-being in the U.S. and around the world. PHI serves as a comprehensive fiscal sponsor for initiatives that scale from a single committed researcher to programs with more than 100 staff, and manages awards from 300+ funding sources. PHI has a history of receiving unqualified opinions on its audits—an important designation that indicates financial compliance and transparency, and which makes PHI competitive for federal and other funding streams.
Work With Us Partner with PHI2024 Financial Snapshot
Revenue
| Grants and Contracts | 256,575,720 |
|---|---|
| Other revenue | 6,269,251 |
| Total | 262,844,971 |
Expenses
| Research and program services | 228,396,620 |
|---|---|
| Management and general | 28,913,882 |
| Total | 257,310,502 |
Net Asssets
| Net assets at beginning of year | 67,092,720 |
|---|---|
| Net assets released from restriction | 748,116 |
| Change in unrestricted net assets | 4,786,353 |
| Total | 72,627,189 |
- 88% Direct Research & Program Services
- 11% Management and General Rate
- <1% Fundraising
The information presented here is drawn from PHI’s financial statements, prepared by independent auditors Crowe LLP, Certified Public Accountants.
Financial Statements and Reviews
- Audited Financial Reports:
- Form 990:
- PHI is a 2023 Platinum Transparency participant with Candid. (formerly Guidestar)
- IRS verification of nonprofit status; State of California’s Registry of Charitable Trusts
Compliance
- Read PHI’s research conflict of interest policy.
- Read PHI’s policy on trafficking in persons.
- See PHI’s hiring and employment policies.
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