BREAKTHROUGH BIKE CHALLENGE
Mission Statement
The Keystone State Ride (KSR) organization supports our riders as they cycle from Pittsburgh to Philadelphia in September. Each KSR participant is required to raise $2500 to support cancer research at Penn Medicine’s Abramson Cancer Center (ACC). This critical funding hopes to achieve major breakthroughs in cancer therapeutics and care that will ultimately benefit cancer patients globally. Non-discrimination policy: The KSR strives to build community among its participants, encourage diversity, and maintain an environment free from discrimination where participants treat each other with respect, dignity, and courtesy.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
99.2% | 94.5% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
0.8% | 4.2% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
0.7 mo | 6.6 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
16.4% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
105.8% | 89.9% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-5.7% | 10.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-8.1% | 14.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-1.0% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $325K | $328K | $20K | 99.2% | 0 |
| 2022 | $345K | $357K | $23K | 99.3% | 0 |
| 2021 | $297K | $288K | N/A | — | 0 |
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