MEDICINES360
MEDICINES360 reported $14.8 million in revenue and $15.8 million in expenses for calendar year 2024. Of every $100 it spent, $71.58 went to program services, $24.97 to management and general costs and $3.45 to fundraising. Its largest source of revenue was contributions and grants: 19.7% of the total. The highest compensation it reported for one person was $1,103,526 (CEO). 28 people received more than $100,000 in reportable compensation. Revenue fell 15% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $16MFor context, the median across 169 covered medical research charities: $87.02 programs, $12.87 management, $0.11 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $15MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 71.6% | 83.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 25.0% | 12.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.4% | 0.1% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.19 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 19.7% | 72.7% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 5.8% |
| Highest reported compensation Part VII-A, columns D–F | $1,103,526 | $628,890 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 6.97% | 1.94% |
| People paid over $100,000 Part VII, line 2 | 28 | 18 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 36.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 6 of 7 | 93.8% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe organization received nda approval for its iud product liletta in 2015. Liletta has been distributed through medicines360's commercial partner since april 2015. In addition, the organization continues developing certain medical products relating to women's reproductive health and works to expand access to all women in need
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Director/trustee, officer, 40.00 hrs/week | $771,904 | $0 | $331,622 | $1,103,526 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $519,704 | $0 | $148,716 | $668,420 |
| EVP, CORPORATE AFFAIRS Highest compensated employee, 40.00 hrs/week | $423,485 | $0 | $142,989 | $566,474 |
| VP, PRODUCT DEVELOPMENT & SUSTAIN ENG Highest compensated employee, 40.00 hrs/week | $400,501 | $0 | $141,758 | $542,259 |
| GENERAL COUNSEL/BOD SEC (TO 6/2024) Officer, 37.81 hrs/week | $499,660 | $0 | $31,125 | $530,785 |
| SVP, QUALITY ASSURANCE & PRODUCT SAFETY Highest compensated employee, 37.74 hrs/week | $398,963 | $0 | $107,456 | $506,419 |
| VP, FINANCE & ACCOUNTING Highest compensated employee, 35.66 hrs/week | $354,739 | $0 | $117,820 | $472,559 |
| VP, STRATEGIC DEVELOPMENT Highest compensated employee, 37.81 hrs/week | $355,845 | $0 | $33,051 | $388,896 |
28 people received more than $100,000 in reportable compensation from MEDICINES360 (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.2M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 6 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 533
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| POBA MEDICAL INC Consultant services | $571,684 |
| POLYVATION BV Consultant services | $285,000 |
| BAPNA CONSULTING CORPORATION Consultant services | $195,153 |
| VEEVA SYSTEMS INC Cloud-based software | $170,936 |
| BUCHLATER Legal services | $166,875 |
Individuals listed as contractors are left out. 12 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to MEDICINES360 totaling $860K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from MEDICINES360's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for MEDICINES360, you can publish a response that is linked from this page.
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Of every $100 MEDICINES360 spent in 2024, $71.58 went to programs. The full breakdown, from its IRS Form 990:
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All medical research charities · Largest charities in California
Questions people ask
How much of MEDICINES360's spending goes to programs?
In calendar year 2024, MEDICINES360 reported that 71.6% of its $15.8 million in expenses went to program services, 25.0% to management and general and 3.4% to fundraising (Form 990, Part IX).
How much does MEDICINES360 pay its top executive?
The largest total compensation MEDICINES360 reported for one person in calendar year 2024 was $1,103,526, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does MEDICINES360 get its money?
Of $14.8 million in revenue in calendar year 2024, 19.7% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is MEDICINES360 a registered charity?
The IRS lists EIN 26-4443340 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513109349304801 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443139349301929 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303189349318540 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203199349311600 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113169349305511 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043219349313384 · read the filing
All filings for EIN 26-4443340: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.