P3 Foundation Inc

Analysis

P3 Foundation Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, P3 Foundation Inc reported income of $16.1m and spending of $16.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $16.1m (+1217%), an average of +90% a year. The sharpest change came in the year to December 2020, when income rose by 171%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, P3 Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Henrietta Weill Memorial Child Guidance Clinic ($16.1m), Greater Green Bay YMCA Inc ($16.1m) and Lifequest ($16.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $24k (0.2% of expenses). Other salaries and wages came to $776k. At year end it held assets of $212.6m against liabilities of $250.4m, net assets of -$37.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.