Lift Foundation

Analysis

Lift Foundation is a registered charity in United States, based in Portage, MI. It received its IRS tax-exemption ruling in March 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lift Foundation reported income of $3.6m and spending of $878k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $411k to $3.6m (+774%), an average of +72% a year. The sharpest change came in the year to December 2021, when income rose by 376%. Over the whole period it spent 34% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lift Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Jewish Family & Career Services of Louisville Inc ($3.6m), Readykids Inc ($3.6m) and Interseminarian-Project Place Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Other salaries and wages came to $97k. At year end it held assets of $9.5m against liabilities of $1.1m, net assets of $8.4m.