Lift for Life Academy Inc

Analysis

Lift for Life Academy Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in February 1991, 35 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 for Life Academy Inc reported income of $18.8m and spending of $17.7m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $9.1m to $18.8m (+105%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lift for Life Academy Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include Charlotte Sports Foundation ($18.5m), USA Basketball ($18.9m) and Greater Midland Community Centers Inc ($18.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $354k (2.0% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $23.4m against liabilities of $6.7m, net assets of $16.7m. It reported 303 employees.