Lift the Spirit Fund Inc

Analysis

Lift the Spirit Fund Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lift the Spirit Fund Inc reported income of $141k and spending of $77k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $141k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lift the Spirit Fund Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Friends of the Cyrenius H Booth Library Inc ($141k), Rotary Club of Ojai West Foundation Inc ($141k) and Blue & Company Foundation Inc ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $110k against liabilities of $0, net assets of $110k.