Lift Jax Inc

Analysis

Lift Jax Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Lift Jax Inc reported income of $3.0m and spending of $1.7m, leaving 43% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $4.1m to $3.0m (-27%), an average of -14% a year. The sharpest change came in the year to December 2023, when income rose by 125%. Over the whole period it spent 44% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lift Jax Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Fondo de Inversion Y Desarrollo Cooperative Inc ($3.0m), Sheet Metal Training Fund ($3.0m) and Capital Area Asset Building Corporation ($3.0m).

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 $159k (9.2% of expenses). Other salaries and wages came to $125k. At year end it held assets of $5.3m against liabilities of $510k, net assets of $4.8m. It reported 2 employees.