Lift Inc

Analysis

Lift Inc is a registered charity in United States, based in Tupelo, MS. It received its IRS tax-exemption ruling in January 1966, 60 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 September 2022, Lift Inc reported income of $6.5m and spending of $6.4m, spending 99% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $3.3m to $6.5m (+97%), an average of +25% a year. The sharpest change came in the year to September 2022, when income rose by 59%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lift Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MS. Charities of a similar size with the same main cause include Usf Management Corporation ($6.5m), Young Mens Christian Association Booth Bay Region ($6.5m) and Council on Aging Services for Seniors ($6.5m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $816k. At year end it held assets of $1.0m against liabilities of $1.2m, net assets of -$155k. It reported 23 employees.