Lift USA

Analysis

Lift USA is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2024, Lift USA reported income of $125k and spending of $242k, spending 193% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $27k to $125k (+366%), an average of +36% a year. The sharpest change came in the year to June 2020, when income rose by 666%. Over the whole period it spent 120% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lift USA sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Franciscan Friars of Hebbronville Inc ($125k), Iglesia Gnostica Cristiana Universal Samael Aun Weor de Puert ($125k) and Mercy Holistic Ministry ($125k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $270k against liabilities of $197k, net assets of $73k.

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.