Project Lift Inc

Analysis

Project Lift Inc is a registered charity in United States, based in Hobe Sound, FL. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Project Lift Inc reported income of $8.1m and spending of $4.7m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $8.1m (+361%), an average of +46% a year. The sharpest change came in the year to June 2022, when income rose by 108%. Over the whole period it spent 67% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Project Lift Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Boys & Girls Club of Lanier Inc ($8.1m), Communities in Schools of the South Plains ($8.1m) and Camp Fire ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $508k (11% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $8.2m against liabilities of $473k, net assets of $7.7m. It reported 124 employees.