Community Lift Corp

Analysis

Community Lift Corp is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Community Lift Corp reported income of $2.4m and spending of $989k, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $731k to $2.4m (+235%), an average of +35% a year. The sharpest change came in the year to June 2020, when income rose by 412%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Lift Corp sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Secure Rehabilitation and Vocational Enterprises Inc ($2.4m), Clarkstown Middlewood Housing Development Fund Company Inc ($2.4m) and Buckingham Community Services Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $501k. At year end it held assets of $3.2m against liabilities of $109k, net assets of $3.1m. It reported 10 employees.