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Health · 2023 Form 990

Novartis Patient Assistance Foundation: $2.8B Revenue, $2.9B Expenses

East Hanover, New Jersey · EIN 262502555 · Filing year 2023

Novartis Patient Assistance Foundation reported $2.8B in total revenue, $2.9B in total expenses, and $177.0M in total assets on its 2023 IRS Form 990. Current-officer compensation is not separately reported on this 990 filing. NonprofitTruth efficiency grade: D (42/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
D
Efficiency Score
42/100

Key Facts (2023 Form 990)

Total Revenue
$2.8B
Total Expenses
$2.9B
Total Assets
$177.0M
Reserve Months
0.7 months
Surplus / (Deficit)
$-113,182,903
EIN
262502555
Latest 990 Year
2023
Current-Officer Compensation
Not reported
Officer Comp % of Revenue
N/A

Novartis Patient Assistance Foundation pulls a D on the efficiency rubric. The composite of 42/100 reflects below-median performance on the bundle of factors — typically driven by thin operating reserves, volatile revenue, or outsized officer compensation relative to organizational size.

On revenue, Novartis Patient Assistance Foundation is among the largest U.S. nonprofits: $2.8B in 2023 reported revenue. Organizations at this scale typically operate hospitals, university systems, or national federations — the financial pattern looks more like a corporation than the small-charity stereotype. On the financial-health factor, Novartis Patient Assistance Foundation runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.

Five-year revenue trajectory is strongly positive: Novartis Patient Assistance Foundation has grown materially in real terms, which usually signals successful fundraising and program expansion. Current-officer compensation is not separately reported in the filing — typical for nonprofits where leadership is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Novartis Patient Assistance Foundation is categorized under Health — the largest segment of U.S. nonprofit revenue, dominated by hospitals, hospital systems, and health-research organizations. The financial profile in this category is capital-intensive, with large balance sheets and program service revenue that often dwarfs donations.


$2.8B
Revenue
$2.9B
Expenses
$177.0M
Total Assets
N/A
Officer Compensation

How Novartis Patient Assistance Foundation Compares

Novartis Patient Assistance Foundation earns a NonprofitTruth efficiency grade of D (42/100). That is 36 points below the Health category average. The organization holds 0.7 months of operating reserves, which is below the commonly recommended 3-month minimum.

Financials

990 Financial Snapshot

$2.9B
Total Expenses
Filing year 2023
Not reported
Officer Compensation
on this 990
0.7 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Novartis Patient Assistance Foundation reported $2.8B in revenue against $2.9B in total functional expenses for filing year 2023, holding roughly 0.7 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

Trend

Revenue History

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Novartis Patient Assistance Foundation has a NonprofitTruth Efficiency Score of D (42/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Novartis Patient Assistance Foundation, Donor FAQ

Novartis Patient Assistance Foundation has a NonprofitTruth Efficiency Score of D (42/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Current-officer compensation for Novartis Patient Assistance Foundation is not separately reported in the most recent IRS Form 990 on file. This is common when leadership is paid through a related entity or the organization files a short-form return.

Novartis Patient Assistance Foundation reported $2.8B in annual revenue and $2.9B in total expenses for filing year 2023. The organization holds $177.0M in total assets.

Novartis Patient Assistance Foundation holds approximately 0.7 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its D efficiency grade.

Novartis Patient Assistance Foundation is a registered 501(c) organization with EIN 262502555, based in East Hanover, New Jersey. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.