Massachusetts · Nonprofit
PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC
PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC (Massachusetts) receives grants from 7 organizations whose IRS filings report $970,390 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($400,000). 5 of them have funded it in more than one year, and 74% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $5.3M
- Funders on record
- 7
- Grants received
- $970k
- Net assets
- $5.2M
What Program on International Financial Systems Inc does
Mission
The program on international financial systems (pifs) is a 501(c)(3) organization that hosts international symposia, executive education programs and special events that foster dialogue and promote education on issues impacting the global financial system. Pifs also supports academic scholarship on these issues.
As stated on its FY2024 Form 990.
Program
The program on international financial systems (pifs) is a 501(c)(3) organization that hosts international symposia, executive education programs, and special events that foster dialogue and promote education on issues impacting the global financial system. Pifs also supports academic scholarship on these issues. In 2024, pifs hosted three symposia with europe, china, and japan. Each event included approximately 100 senior policymakers, financial sector executives, and prominent academics to foster dialogue on policy issues impacting the global financial system. Pifs also hosted eleven executive education programs for government officials from foreign countries, four of which were partnerships with harvard law school executive education, two of which were partnerships with the international organization of securities commissions (iosco), and one which was a partnership with the world bank. Pifs also hosted special events on discrete policy issues, including one event co-hosted with the bank of japan, as well as a roundtable on the future of digital assets.
$3,029,910 spent$480,358 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $3,029,910.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $4.0M to $5.5M (+37%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
89% of PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC’s revenue is contributions — more donation-reliant than the typical peer (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2019 → 2023: the base narrowed from 5 funders to 3 funders, grant income fell $381k → $141k.
2 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 74% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC leans on a few funders — its largest provides 41% of grant income and the top three 84%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
95% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC.
Largest funder’s share by year: 2019 54% · 2020 83% · 2021 43% · 2022 48% · 2023 71% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
74% of PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $254k that is directly attributable, 100% of it comes from funders outside Massachusetts, across 3 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $717k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC runs a healthier operating margin than three-quarters of the 11,752 education nonprofits its size.
this organization peer median middle 50% of peers· 11,752 education nonprofits $1M–$10M, FY2024
Organizations like PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
76% of spending goes to programs.
Governance
Public support
57%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC?
- PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC (Massachusetts) receives grants from 7 organizations whose IRS filings report $970,390 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($400,000). 5 of them have funded it in more than one year, and 74% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC have?
- IRS filings report 7 organizations giving $970,390 in grants to PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC, 5 of which have funded it in more than one year.
- Who is the largest funder of PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC?
- NATIONAL PHILANTHROPIC TRUST is the largest funder on record, with $400,000 in grants. The full list of funders is on this page.
- How can an organization like PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Program on International Financial Systems →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2018–2024), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing