P3 Foundation
P3 Foundation reported $39.6 million in revenue and $29.6 million in expenses for calendar year 2024. Of every $100 it spent, $87.06 went to program services, $12.94 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 44.5% of the total. Government grants made up 24.8%. The highest compensation it reported for one person was $461,702 (EXECUTIVE DI). 2 people received more than $100,000 in reportable compensation. Revenue rose 3144% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $30MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $40MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.1% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.9% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 24.8% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 24.8% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 44.5% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $461,702 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.56% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 2 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -7.6 | 6.9 |
| Independent voting board members Part VI 1a–1b | 3 of 6 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseStudent housing facilities - lease and management of student housing consisting of residential properties located on or near: 1)franklin & marshall college in lancaster, pa, 2)claremont graduate university in claremont, ca, 3)university of nebraska in lincoln, ne, and 4) johns hopkins university school of medicine in baltimore, md
Construction and operation of sports and entertainment facilities located in virginia beach, va. The project includes the construction, development, equiping, and maintaining a surf park and related facilities as part of a larger, mixed-use project under development by the city of virginia beach, va. Excess cash flow from the project will primarily be donated to local charitable organizations
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DI Officer, 35.00 hrs/week | $461,702 | $0 | $0 | $461,702 |
| SECRETARY Director/trustee, officer, 15.00 hrs/week | $300,000 | $0 | $0 | $300,000 |
| DIRECTOR Director/trustee, 10.00 hrs/week | $30,000 | $0 | $0 | $30,000 |
2 people received more than $100,000 in reportable compensation from P3 Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $792K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b6 · 3 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| PMB MEAD VALLEY LLC Project mgmt | $15,423,547 |
| NP ASSET SERVICES LLC Consulting | $1,505,234 |
Individuals listed as contractors are left out. 18 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from P3 Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for P3 Foundation, you can publish a response that is linked from this page.
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Of every $100 P3 Foundation spent in 2024, $87.06 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Venture TogetherNanuet, NY · revenue $40M · programs 86.9% · 2024
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- Cooke School and InstituteNew York, NY · revenue $40M · programs 85.2% · FY2025
- Jewish Community Center of the East BayBerkeley, CA · revenue $40M · programs 76.9% · FY2025
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All human services charities · Largest charities in Colorado
Questions people ask
How much of P3 Foundation's spending goes to programs?
In calendar year 2024, P3 Foundation reported that 87.1% of its $29.6 million in expenses went to program services, 12.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does P3 Foundation pay its top executive?
The largest total compensation P3 Foundation reported for one person in calendar year 2024 was $461,702, for the role of EXECUTIVE DI (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does P3 Foundation get its money?
Of $39.6 million in revenue in calendar year 2024, 24.8% came from contributions and grants (including 24.8% from government grants) and 44.5% from program service revenue (Form 990, Part VIII).
Is P3 Foundation a registered charity?
The IRS lists EIN 82-2912570 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523179349310037 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403189349304430 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313199349318521 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243189349315994 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113199349310431 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003219349313530 · read the filing
All filings for EIN 82-2912570: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.