Lifevantage Legacy Inc

Analysis

Lifevantage Legacy Inc is a registered charity in United States, based in Lehi, UT. It received its IRS tax-exemption ruling in September 2018, 8 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 June 2023, Lifevantage Legacy Inc reported income of $119k and spending of $184k, spending 155% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $223k to $119k (-47%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 158%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lifevantage Legacy Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within UT. Charities of a similar size with the same main cause include Renewed Hope Ministries ($119k), Tampa Firefighters Charity Fund Inc ($119k) and Leroy Community Foundation ($119k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.