Pittsburgh Three Rivers Marathon Inc

Analysis

Pittsburgh Three Rivers Marathon Inc is a registered charity in United States, based in Cranberry TWP, PA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pittsburgh Three Rivers Marathon Inc reported income of $7.7m and spending of $6.9m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $7.7m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pittsburgh Three Rivers Marathon Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Womens Sports Foundation ($7.7m), Mission Viejo Pateadores Inc ($7.7m) and American Youth Foundation ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $476k (7.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.6m against liabilities of $2.1m, net assets of $3.5m. It reported 107 employees.