PITTSBURGH THREE RIVERS MARATHON INC
Mission Statement
P3R is a nonprofit organization that is passionate about promoting the love of running and enhancing community access to health & fitness education and activities. All who engage with P3R and its events can expect: A Personal Challenge Whether you’re a seasoned athlete or just starting your fitness program, P3R provides the motivation you need to take it to the next level. An Exceptional Experience P3R is committed to making it fun, easy, and exciting to be healthy! When you attend or sponsor a P3R race, workshop, or other event, you will enjoy a top-quality experience from start to finish. Health & Fitness Expertise From eating right and training well to choosing the right gear, P3R’s health & fitness experts stay on top of the latest knowledge to help you reach your performance goals. Insider Access to an Incredible City Runners and spectators alike can explore all that Pittsburgh has to offer through P3R’s eclectic race courses, fun race-day events, and special offers for shopping, dining, entertainment, and lodging.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
82.6% | 87.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.8% | 9.7% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
7.6% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
4.4 mo | 8.2 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
36.8% | 11.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
62.8% | 89.6% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-3.1% | 9.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
16.2% | 9.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-7.2% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $7.4M | $8.0M | $2.9M | 82.6% | 125 |
| 2023 | $7.7M | $6.9M | $3.5M | 81.5% | 107 |
| 2022 | $6.0M | $6.0M | $2.7M | 79.9% | 57 |
| 2021 | $3.8M | $3.6M | N/A | — | 41 |
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