Personalized Medicine Coalition

Organization Overview

Personalized Medicine Coalition is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (G05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Personalized Medicine Coalition employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Personalized Medicine Coalition is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Personalized Medicine Coalition generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PERSONALIZED MEDICINE COALITION (PMC), REPRESENTING INNOVATORS, SCIENTISTS, PATIENTS, PROVIDERS AND PAYERS, PROMOTES THE UNDERSTANDING AND ADOPTION OF PERSONALIZED MEDICINE CONCEPTS, SERVICES AND PRODUCTS TO BENEFIT PATIENTS AND THE HEALTH SYSTEM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EVIDENCE DEVELOPMENT: TO ENCOURAGE THE SWIFTER ADOPTION OF PERSONALIZED MEDICINE BY HEALTH CARE PROVIDERS, PMC HELPS BUILD THE EVIDENCE BASE NECESSARY TO DEMONSTRATE THE CLINICAL AND ECONOMIC VALUE OF PERSONALIZED MEDICINE.


PUBLIC AND SCIENCE POLICY (ADVOCACY): TO HELP FACILITATE THE DEVELOPMENT OF PERSONALIZED MEDICINE TESTS AND THERAPIES, PMC ENGAGES REGULATORS AND OTHER POLICYMAKERS TO ADVOCATE FOR CONTINUED INVESTMENTS IN BIOMEDICAL RESEARCH AS WELL AS MODERNIZED REGULATORY, COVERAGE AND PAYMENT POLICIES THAT SUPPORT ACCESS TO PERSONALIZED MEDICINE.


EDUCATION: TO RAISE THE PROFILE AND SCOPE OF PERSONALIZED MEDICINE, PMC PROACTIVELY EDUCATES DECISION-MAKERS ABOUT HOW THE FIELD CAN MAKE THE HEALTH SYSTEM MORE EFFECTIVE AND EFFICIENT BY TARGETING TREATMENTS TO ONLY THOSE PATIENTS WHO WILL BENEFIT.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Columbus Properties Inc
Office Space
$113,228
Fred Hutchinson Crc
Research
$111,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,646,395
Fundraising events$0
Related organizations$0
Government grants $399,507
All other contributions, gifts, grants, and similar amounts not included above$633,051
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,678,953
Total Program Service Revenue$117,200
Investment income $36,275
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,833,639

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Personalized Medicine Coalition has recieved totaling $125,000.

Awarding OrganizationAmount
Pharmaceutical Research And Manufacturers Of America

Washington, DC

PURPOSE: General Contribution

$125,000
View Grant Recipient Profile

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