Herbalife Nutrtion Foundation

Analysis

Herbalife Nutrtion Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Herbalife Nutrtion Foundation reported income of $9.6m and spending of $8.4m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $9.6m (+102%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 153%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Herbalife Nutrtion Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Xavier College Preparatory High School ($9.6m), Knox County Foundation ($9.7m) and Iranian American Jewish Federation ($9.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $284k (3.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $22.6m against liabilities of $636k, net assets of $21.9m. It reported 10 employees.