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Ponce Medical School Foundation Inc

EIN 66-0379122 · Ponce, PR

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair65 out of 100GovernanceGood80 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

PONCE MEDICAL SCHOOL FOUNDATION, INC. (''PMSF'') MISSION IS TO MAKE A DIFFERENCE BY SOLVING HEALTH DISPARITIES THROUGH GROUNDBREAKING, INNOVATIVE AND RELEVANT RESEARCH THAT HAS A GLOBAL IMPACT IN HEALTHCARE.

Income
$18.8 million
Spending
$20.0 million
Spent on programs
95%
Reserves
3.7 months of spending
Largest source of income
government grants, 73%
Employees
267
Volunteers
14
Highest pay
$422,605, professor/pr

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 65 out of 100. Higher than 55% of charities in its peer group (education, $10m to $100m).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.7 months of spending.

  • Debt

    16 of 20

    It owes 21% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 7% of income.

  • Income trend

    10 of 15

    Income fell 2% on the year before.

  • Spending floor

    15 of 15

    95% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 80 out of 100. Higher than 11% of charities in its peer group (education, $10m to $100m).

  • Independent board

    25 of 25

    4 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $19.1 million spent. PMSF IS A LEADER IN BIOMEDICAL RESEARCH IN PUERTO RICO AND IS COMPRISED OF HIGHLY ACCOMPLISHED RESEARCHES WITH EXPERTISE IN CANCER, NEUROSCIENCE, HIV AND MENTAL HEALTH. PMSF PROVIDES MODERN RESEARCH FACILITIES THAT FOSTER COLLABORATIVE, INTEGRATIVE BASIC AND CLINICAL RESEARCH. PMSF HOUSES ONE OF THE TOP CLINICAL TRIAL RESEARCH SITES IN PUERTO RICO, THE ONLY CANCER TISSUE REPOSITORY FOR PUERTO RICAN PATIENTS.
  2. THE INSTITUTION HAS PROVIDED EDUCATIONAL AND RESEARCH OPPORTUNITIES FOR PHYSICIANS, PSYCHOLOGISTS, PUBLIC HEALTH AND BIOMEDICAL STUDENTS INTERESTED IN PURSUING RESEARCH CAREERS. PMSF IS A KEY PLAYER IN ONGOING RESEARCH INITIATIVES ON CHIKUNGUYA, DENGUE, AND ZIKA AS IT HOUSES THE MOST COMPREHENSIVE DATABASE. PMSF THROUGH INNO DIAGNOSTICS, A CLIA-CERTIFIED DIAGNOSTIC TESTING LABORATORY, HAS PLAYED A PIVOTAL ROLE IN PROVIDING MOLECULAR TESTING AND VACCINES ADMINISTRATION TO THE SOUTH OF PUERTO RICO DURING THE COVID-19 PANDEMIC. ALSO, PMSF WERE AWARDED FEDERAL AND PRIVATE GRANTS TO WORK WITH COVID-19 RESEARCH INITIATIVES. PMSF IS ACTIVELY ENGAGED IN IMPROVING THE COMMUNITY'S WELL-BEING AND PARTICIPATING IN IMPORTANT SOCIAL INITIATIVES.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 1984.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

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