Lift

Analysis

Lift is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lift reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from May 2020 to June 2023, income grew from $1.1m to $1.4m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 2633%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lift sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Day One Early Learning Community Inc ($1.4m), Birzeit University Fund ($1.4m) and Tacombi Foundation Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $141k (9.8% of expenses). Other salaries and wages came to $535k. At year end it held assets of $1.7m against liabilities of $135k, net assets of $1.6m. It reported 21 employees.