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Health · 2023 Form 990

Novartis Patient Assistance Foundation: $2.8B Revenue, $2.3B Program 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. 78.0% of expenses ($2.3B) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: C (60/100).

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

C
Efficiency Score
60/100

Key Facts (2023 Form 990)

Total Revenue
$2.8B
Total Expenses
$2.9B
Program Expenses
$2.3B
Program Expense Ratio
78.0%
Total Assets
$177.0M
Reserve Months
0.7 months
EIN
262502555
Latest 990 Year
2023
Top Officer Compensation
Not reported

The composite efficiency score of 60/100 puts Novartis Patient Assistance Foundation at C — neither standout nor failing. Some factors run above the median (typically program spending) while others run below (typically reserves or trend stability).

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. Novartis Patient Assistance Foundation directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

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. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive 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. Revenue-to-program ratios in this category often look different from smaller-program nonprofits because the underlying operations are capital-intensive.


$2.8B
Revenue
$2.9B
Expenses
$177.0M
Total Assets
78.0%
Program Spending

How Novartis Patient Assistance Foundation Compares

Novartis Patient Assistance Foundation directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 60/100 is 21 points below the Health category average. The organization holds 0.7 months of operating reserves, which is below the recommended 3-month minimum.

Financials

Where Your Donation Goes

$2.3B
Program Spending
78.0% of expenses
Not reported
CEO Compensation
0.7 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Novartis Patient Assistance Foundation, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Novartis Patient Assistance Foundation has an Efficiency Score of C (60/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Novartis Patient Assistance Foundation, Donor FAQ

Novartis Patient Assistance Foundation has an Efficiency Score of C (60/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Novartis Patient Assistance Foundation is not reported in the most recent IRS 990 filing on file.

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.

For every dollar donated to Novartis Patient Assistance Foundation, approximately 78.0 cents goes to program activities. The organization has 0.7 months of operating reserves, providing financial stability to sustain its mission.

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 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.