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P3 Foundation Inc

EIN 82-2912570 · Denver, CO

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak45 out of 100GovernanceFair50 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It owes more than it owns.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

TO PARTNER WITH PUBLIC AND CHARITABLE ENTITIES TO DEVELOP SERVICES, ACTIVITIES, AND PROGRAMS DESIGNED FOR SENIOR HOUSING, EDUCATION, HEALTH CARE FACILITIES, AFFORDABLE HOUSING, AND GOVERNMENTS.

Income
$39.6 million
Spending
$29.6 million
Spent on programs
87%
Reserves
-67.1 months of spending
Largest source of income
fees for its services, 45%
Employees
0
Highest pay
$461,702, executive di

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 45 out of 100. Higher than 18% of charities in its peer group (human services, $10m to $100m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    0 of 20

    It owes 101% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 25% of income.

  • Income trend

    15 of 15

    Income rose 146% on the year before.

  • Spending floor

    15 of 15

    87% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 50 out of 100. Higher than 1% of charities in its peer group (human services, $10m to $100m).

  • Independent board

    5 of 25

    3 of 6 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $21.2 million spent. STUDENT 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.
  2. $4.4 million spent. 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.
  3. $230,442 spent. PROVIDING SERVICES, ACTIVITIES AND PROGRAMS DEDICATED TO FURTHERING COMMUNITY DEVELOPMENT, EDUCATION, AND LESSENING THE BURDENS OF GOVERNMENT.
  4. OTHER PROJECTS IN CONSTRUCTION PHASE INCLUDE: HEALTHCARE: ACQUISITION AND CONSTRUCTION OF WELLNESS VILLAGE PROJECT HEALTH CARE FACILITY IN RIVERSIDE COUNTY,CA. THE PROJECT IS IN CONNECTION WITH THE RIVERSIDE UNIVERSITY HEALTH SYSTEM AND WILL OFFER OUTPATIENT AND RESIDENTIAL SERVICES FOR BEHAVIORAL HEALTH AND SUBSTANCE USE DISORDERS, PRIMARY HEALTHCARE, AND BEHAVIORAL HEALTH URGENT CARE. SENIOR LIVING: ACQUISITION AND CONSTRUCTION OF SENIOR LIVING FACILITY IN IRVINE, CA. THE PROJECT IS AN 8 STORY FACILITY OFFERING INDEPENDENT, ASSISTED LIVING, AND MEMORY CARE. CITY DEVELOPMENT PROJECT: CONSTRUCTION OF A STATE-OF-THE-ART WORKFORCE DEVELOPMENT CENTER IN BALTIMORE, MD THAT WILL BE HOME TO THE MAYOR'S OFFICE OF EMPLOYMENT DEVELOPMENT.
  5. OTHER PROJECTS IN CONSTRUCTION PHASE INCLUDE: HEALTHCARE: ACQUISITION AND CONSTRUCTION OF WELLNESS VILLAGE PROJECT HEALTH CARE FACILITY IN RIVERSIDE COUNTY,CA. THE PROJECT IS IN CONNECTION WITH THE RIVERSIDE UNIVERSITY HEALTH SYSTEM AND WILL OFFER OUTPATIENT AND RESIDENTIAL SERVICES FOR BEHAVIORAL HEALTH AND SUBSTANCE USE DISORDERS, PRIMARY HEALTHCARE, AND BEHAVIORAL HEALTH URGENT CARE. SENIOR LIVING: ACQUISITION AND CONSTRUCTION OF SENIOR LIVING FACILITY IN IRVINE, CA. THE PROJECT IS AN 8 STORY FACILITY OFFERING INDEPENDENT, ASSISTED LIVING, AND MEMORY CARE. CITY DEVELOPMENT PROJECT: CONSTRUCTION OF A STATE-OF-THE-ART WORKFORCE DEVELOPMENT CENTER IN BALTIMORE, MD THAT WILL BE HOME TO THE MAYOR'S OFFICE OF EMPLOYMENT DEVELOPMENT.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 2018.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.