The Livestrong Foundation

Analysis

The Livestrong Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 1997, 29 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, The Livestrong Foundation reported income of $1.9m and spending of $3.8m, spending 205% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.5m to $1.9m (-82%), an average of -35% a year. The sharpest change came in the year to December 2020, when income dropped by 87%. Over the whole period it spent 215% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Livestrong Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include United Way of Rutherford County Inc ($1.9m), San Antonio Development Fore Youth Inc ($1.9m) and Feedback Labs Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $683k (18% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $26.9m against liabilities of $556k, net assets of $26.3m. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.