Lift Me Up

Analysis

Lift Me Up is a registered charity in United States, based in Great Falls, VA. It received its IRS tax-exemption ruling in April 1976, 50 years ago. 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 December 2023, Lift Me Up reported income of $497k and spending of $478k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $306k to $497k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lift Me Up sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Shire Village Camp Inc ($496k), National Church Residences of ($497k) and New Matamoras Area Housing Co ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 65% of the total. Other salaries and wages came to $228k. At year end it held assets of $1.9m against liabilities of $1.1m, net assets of $818k. It reported 25 employees.