GNC Live Well Foundation

Analysis

GNC Live Well Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, GNC Live Well Foundation reported income of $692k and spending of $967k, spending 140% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.3m to $692k (-46%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 56681%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, GNC Live Well Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include El Centro de Las Americas ($692k), Opus Montessori School Inc ($692k) and C24 7 Fathers Arms Ministries ($692k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.4m against liabilities of $750k, net assets of $695k.