Lift Inc

Analysis

Lift Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover employment, 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, Lift Inc reported income of $12.1m and spending of $7.9m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $12.1m (+189%), an average of +30% a year. The sharpest change came in the year to June 2020, when income rose by 47%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lift Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 89th percentile within DC. Charities of a similar size with the same main cause include Brighton Park Neighborhood Council ($12.0m), Locus ($12.1m) and Horizons Foundation ($12.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1.0m (13% of expenses). Other salaries and wages came to $3.7m. It paid $28k in professional fundraising fees. At year end it held assets of $16.7m against liabilities of $2.5m, net assets of $14.2m. It reported 71 employees.