Lift Inc

Organization Overview

Lift Inc is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2022, Lift Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lift Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Lift Inc generated $10.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $6.9m during the year ending 06/2022. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

LIFT'S MISSION IS TO BREAK THE CYCLE OF POVERTY BY INVESTING IN PARENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOUNDED IN 1998, LIFT IS A NATIONAL NONPROFIT ON A MISSION TO BREAK THE CYCLE OF POVERTY BY INVESTING IN PARENTS. DECADES OF INEQUITY AND UNDERINVESTMENT IN COMMUNITIES HAVE KEPT LOW-INCOME FAMILIES TRAPPED IN A CYCLE THAT, LIKE WEALTH, IS PASSED DOWN FROM GENERATION TO GENERATION. ALL FAMILIES DESERVE A BETTER FUTURE - NO MATTER THEIR RACE, ETHNICITY, OR ZIP CODE. LIFT BUILDS FAMILIES' WELL-BEING, FINANCIAL STRENGTH, AND SOCIAL CONNECTIONS TO LIFT TWO GENERATIONS AT ONCE - AN INVESTMENT OF HOPE, MONEY, AND LOVE. ROOTED IN A RELATIONSHIP FILLED WITH DIGNITY AND TRUST, LIFT'S ONE-ON-ONE COACHING PROGRAM EMPOWERS PARENTS TO SET AND ACHIEVE GOALS - SUCH AS GOING BACK TO SCHOOL, (CONTINUED ON SCHEDULE O) IMPROVING CREDIT, ELIMINATING DEBT, OR SECURING A LIVING WAGE - THAT PUT THEIR FAMILIES ON THE PATH TO ECONOMIC MOBILITY. AS PART OF ITS INVESTMENT IN FAMILIES, IN 2018, LIFT LAUNCHED THE FAMILY GOAL FUND WHICH PROVIDES DIRECT, UNRESTRICTED CASH TO FAMILIES. LIFT REDUCES STRESS AND INCREASES FINANCIAL SLACK BY GIVING CASH DIRECTLY TO PARENTS SO THAT THEY DON'T HAVE TO CHOOSE BETWEEN THEIR EMERGENCY NEEDS AND LONG-TERM GOALS. AS PARENTS PERSIST THROUGH LIFT'S TWO-YEAR PROGRAM, THEY RECEIVE A TOTAL OF $1,200, DISTRIBUTED IN THREE-MONTH INTERVALS TO STAY ON TRACK TO REACH THEIR GOALS. LIFT BELIEVES THAT PARENTS KNOW THEIR FAMILIES' NEEDS BETTER THAN ANY PROGRAM COULD, AND THEIR EVIDENCE SHOWS THAT PARENTS USE THESE FUNDS TO REINVEST IN THEMSELVES, THEIR FAMILIES, AND THEIR GOALS. LIFT'S MODEL AIMS TO MITIGATE AND ULTIMATELY CHANGE THE ACTIONS OF SYSTEMS THAT CREATE BARRIERS TO SUCCESS BY ADVOCATING FOR POLICY THAT CENTERS THE VOICES OF LOW-INCOME FAMILIES. OUR SYSTEMS CHANGE GOALS STEM FROM THE HUMANITY THAT UNDERPINS OUR DIRECT SERVICE MODEL AS THE ACTION TANK FROM WHERE WE SHARE OUR LEARNING, INSIGHTS, BEST PRACTICE, AND RESPONSIVE INNOVATION LIKE GIVING CASH. LIFT USES IMPACT DATA ALONGSIDE PARENT VOICE AND EXPERIENCE TO MITIGATE, AND ULTIMATELY CHANGE, THE ACTIONS OF SYSTEMS AND POLICIES THAT DRAIN HOPE, HARM COMMUNITIES, AND LIMIT ACCESS AND SUCCESS. AT FEDERAL, STATE, AND CITY LEVELS, OUR GOALS INCLUDE CHANGING PRACTICE, SYSTEMS, AND POLICY THAT BUILD FINANCIAL AND SOCIAL CAPITAL FOR FAMILIES AND TO DECREASE THE BANDWIDTH TAX ON PARENT'S TIME, ATTENTION, AND COGNITION CAUSED BY COMPLEX SYSTEMS. LIFT'S NEW STRATEGIC PLAN BUILDS ON OUR DIRECT SERVICE TO ACHIEVE POPULATION-LEVEL IMPACT THROUGH 1) STRATEGIC PARTNERSHIPS THAT DEMONSTRATE EFFECTIVE PUBLIC SECTOR STRATEGIES TO SUPPORT PARENT'S ECONOMIC MOBILITY, AND 2) ADVOCACY WORK TO SHIFT NARRATIVES, EDUCATE POLICYMAKERS, AND PROMOTE POLICIES THAT REDUCE POVERTY. LIFT HAS SERVICE SITES IN CHICAGO, LOS ANGELES, NEW YORK CITY, AND WASHINGTON D.C., AND PARTNERS WITH HEALTH SYSTEMS, COLLEGES, AND LOCAL AND NATIONAL GOVERNMENTS TO ADOPT ITS APPROACH ACROSS THE COUNTRY. LEARN MORE AT WHYWELIFT.ORG.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Creative Financial Staffing
Temporary Staffing Services
$104,418
Usio Inc
Prepaid Card Mktg & Process. & Pmt Distr
$181,351
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$32,500
Membership dues$0
Fundraising events$27,109
Related organizations$0
Government grants $97,000
All other contributions, gifts, grants, and similar amounts not included above$10,287,423
Noncash contributions included in lines 1a–1f $188,205
Total Revenue from Contributions, Gifts, Grants & Similar$10,444,032
Total Program Service Revenue$0
Investment income $523
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $609
Net Income from Fundraising Events $43,792
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,488,956

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lift Inc has recieved totaling $180.

Awarding OrganizationAmount
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$180
View Grant Recipient Profile

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