Memphis Lift Parent Institute

Analysis

Memphis Lift Parent Institute is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Memphis Lift Parent Institute reported income of $1.5m and spending of $986k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 163%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Memphis Lift Parent Institute sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Dreams for Kids ($1.5m), United States Academic Decathlon Association ($1.5m) and Steel City Squash Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $121k (12% of expenses). Other salaries and wages came to $366k. At year end it held assets of $4.3m against liabilities of $472k, net assets of $3.8m. It reported 10 employees.