Gnc Live Well Foundation
Gnc Live Well Foundation faces recent deficit with expenses exceeding revenue by over $270,000 in 2023.
EIN: 201218432 · Pittsburgh, PA · NTEE: P80 · Updated: 2026-03-28
Is Gnc Live Well Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gnc Live Well Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gnc Live Well Foundation
Gnc Live Well Foundation (EIN: 201218432) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code P80. The organization reported total revenue of $1.0M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gnc Live Well Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gnc Live Well Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Gnc Live Well Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's officers are not drawing salaries, which is a positive sign for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Gnc Live Well Foundation's IRS 990 filings:
- Significant deficit in the most recent fiscal year (2023 expenses exceeded revenue by $274,644)
- Substantial increase in liabilities from $150,000 in 2022 to $750,000 in 2023
- Inconsistent revenue and expense patterns over the past five years, indicating potential financial volatility (e.g., 2020 revenue $2,092 vs. expenses $281,344)
Strengths
The following positive indicators were identified for Gnc Live Well Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission-related activities.
- Maintained over $1 million in assets in most recent years, providing a financial cushion.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Gnc Live Well Foundation
Is Gnc Live Well Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Gnc Live Well Foundation (EIN: 201218432) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Gnc Live Well Foundation spend its money?
Gnc Live Well Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gnc Live Well Foundation tax-deductible?
Gnc Live Well Foundation is registered as a tax-exempt nonprofit (EIN: 201218432). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Gnc Live Well Foundation financially stable given the 2023 deficit?
While the foundation reported a deficit of $274,644 in 2023 (Expenses $966,813 vs. Revenue $692,169), its assets of $1,444,913 provide a buffer. However, the significant increase in liabilities to $750,000 in 2023 from $150,000 in 2022 warrants further investigation into the nature of these liabilities and their impact on long-term stability.
What caused the substantial increase in liabilities in 2023?
The provided data shows liabilities jumped from $150,000 in 2022 to $750,000 in 2023. Without access to the full IRS Form 990, the specific reasons for this increase are unclear and would require reviewing the balance sheet and footnotes for details on new debts or obligations.
How does the organization fund its operations without officer compensation?
The consistent 0% officer compensation suggests that leadership may be volunteer-based or compensated through other means not reported as direct officer compensation on the 990, or that the organization's operational model minimizes the need for paid executive roles, potentially relying heavily on volunteers for its mission of 'Voluntarism Promotion'.
Filing History
IRS 990 filing history for Gnc Live Well Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Gnc Live Well Foundation's revenue has grown by 416.3%, moving from $134K to $692K. Total assets increased by 947.7% over the same period, from $138K to $1.4M. Total functional expenses rose by 566.8%, from $145K to $967K. In its most recent filing year (2023), Gnc Live Well Foundation reported a deficit of $275K, with expenses exceeding revenue. The organization holds $750K in liabilities against $1.4M in assets (debt-to-asset ratio: 51.9%), resulting in net assets of $695K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $692K | $967K | $1.4M | $750K | — | — |
| 2022 | $1.0M | $582K | $1.1M | $150K | — | View 990 |
| 2021 | $1.2M | $1.3M | $760K | $226K | — | View 990 |
| 2020 | $2K | $281K | $781K | $100K | — | — |
| 2019 | $1.0M | $975K | $1.5M | $502K | — | View 990 |
| 2018 | $1.3M | $1.2M | $1.2M | $270K | — | View 990 |
| 2017 | $1.8M | $572K | $1.6M | $0 | — | View 990 |
| 2016 | $205K | $131K | $405K | $0 | — | View 990 |
| 2015 | $177K | $50K | $331K | $0 | — | View 990 |
| 2014 | $200K | $0 | $203K | $0 | — | View 990 |
| 2013 | $243K | $244K | $153K | $150K | — | View 990 |
| 2012 | $191K | $190K | $158K | $165K | — | View 990 |
| 2011 | $185K | $175K | $158K | $155K | — | View 990 |
| 2010 | $134K | $145K | $138K | $145K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $692K, expenses of $967K, and assets of $1.4M (revenue -32.0% year-over-year).
- 2022: Revenue of $1.0M, expenses of $582K, and assets of $1.1M (revenue -14.3% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.3M, and assets of $760K (revenue +56681.2% year-over-year).
- 2020: Revenue of $2K, expenses of $281K, and assets of $781K (revenue -99.8% year-over-year).
- 2019: Revenue of $1.0M, expenses of $975K, and assets of $1.5M (revenue -22.3% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $1.2M (revenue -26.7% year-over-year).
- 2017: Revenue of $1.8M, expenses of $572K, and assets of $1.6M (revenue +755.2% year-over-year).
- 2016: Revenue of $205K, expenses of $131K, and assets of $405K (revenue +15.8% year-over-year).
- 2015: Revenue of $177K, expenses of $50K, and assets of $331K (revenue -11.3% year-over-year).
- 2014: Revenue of $200K, expenses of $0, and assets of $203K (revenue -17.7% year-over-year).
- 2013: Revenue of $243K, expenses of $244K, and assets of $153K (revenue +27.4% year-over-year).
- 2012: Revenue of $191K, expenses of $190K, and assets of $158K (revenue +3.4% year-over-year).
- 2011: Revenue of $185K, expenses of $175K, and assets of $158K (revenue +37.7% year-over-year).
- 2010: Revenue of $134K, expenses of $145K, and assets of $138K.
Data Sources and Methodology
This transparency report for Gnc Live Well Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.