CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.

Note(s)
In 2015, The LiveStrong Foundation continued to experience declines in contributions, revenue and program spending:

According to LiveStrong's tax filings for the years ended December 31, 2015 and 2014:
(1) Cash Contributions in 2015 decreased by about 71% from 2014 (from approximately $10.8 million in 2014 to approximately $3.15M in 2015);
(2) Reported Total Revenue in 2015 decreased by about 63% (from approximately $16.6 million in 2014 to approximately $6.16 million in 2015); and
(3) Reported Total Program Spending in 2015 decreased by about 25% (from approximately $19.0 million in 2014 to approximately $14.3 million in 2015).

In particular, LiveStrong experienced a significant decrease in Temporarily Restricted Contributions received in 2015, with $574,003 received in 2015 compared to $8,008,431 received in 2014, according to LiveStrong's audited Statements of Activities for the years ended December 31, 2015 and 2014.

However, there is little short term risk that LiveStrong will become a going concern as its available asset balance was more than $50 million at December 31, 2015, according to CharityWatch's calculation.
According to the LiveStrong Foundation 2015 tax filing, the Foundation received in-kind donated services & use of facilities valued at $2,190,446 in 2015 (IRS Form 990, Schedule D, Part XI).

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found by clicking on "About CharityWatch" from the navigation bar and then clicking on "Criteria & Methodology".]
According to the LiveStrong Foundation 2015 tax filing, the Foundation reports that three employees received a "separation of service payment in 2015," with the three payments totaling $274,866 (IRS Form 990, Schedule J, Part III).
In 2014, The LiveStrong Foundation continued to experience declines in contributions, revenue and program spending:

According to LiveStrong's tax filings for the year end December 31, 2014 and 2013, LiveStrong's cash contributions in 2014 decreased by about 17% from 2013 (from approximately $13.0 million in 2013 to approximately $10.8 million in 2014); total revenue in 2014 decreased by about 29% (from approximately $23.3 million in 2013 to approximately $16.6 million in 2014); and reported total program spending in 2014 decreased by about 30% (from approximately $27.2 million in 2013 to approximately $19.0 million in 2014).

However, there is little short term risk that LiveStrong will become a going concern as its available asset balance was more than $60 million at December 31, 2014, according to CharityWatch's calculation.
According to the LiveStrong Foundation audit of December 31, 2014 (Note 16, Subsequent Events):

"On April 3, 2015, the Foundation executed a pledge agreement with the University of Texas at Austin and the Dell Medical School to create The LIVESTRONG Cancer Institutes. The purpose of the Institutes will be the creation of a comprehensive, patient-centered cancer program with a special focus on the needs of the underserved population with programs designed to reach the citizens of Central Texas and beyond. The $50 million pledge is to be paid over 10 years, conditioned upon satisfactory achievement of agreed upon metrics and milestones. The first payment of $2.5 million is due by November 1, 2015."
On October 30, 2012, the Lance Armstrong Foundation changed its name to The LiveStrong Foundation (The LiveStrong Foundation audit of Dec. 31, 2013, Note 1).
In January 2013, Lance Armstrong, founder of The LiveStrong Foundation (formerly known as the Lance Armstrong Foundation), admitted to using performance-enhancing drugs during most of his record-setting cycling career.

According to The LiveStrong Foundation's tax filings for the year end December 31, 2013 and 2012, LiveStrong's cash contributions in 2013 decreased by about 41% from 2012 (from approximately $22 million in 2012 to approximately $13 million in 2013); total revenue in 2013 decreased by about 39% from 2012 (from approximately $38.1 million in 2012 to approximately $23.3 million in 2013); and reported total program spending in 2013 decreased by about 15% from 2012 (from approximately $31.9 million in 2012 to approximately $27.2 million in 2013).

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