Overview
What is Lift Inc?
Lift Inc, based in Tupelo, Mississippi, operates as a nonprofit organization. Their primary mission is to empower individuals and families towards self-sufficiency, offering them a range of quality programs and services. They strive to improve the lives of those in need, particularly low-income families, by providing assistance with essentials such as food, shelter, clothing, and utility assistance. Lift Inc aims to shape the future of their local communities through active dialogue and consensus building. With a team of 23 dedicated individuals, they manage various projects to uplift their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
Lift Inc has achieved a Three-Star rating from Charity Navigator, reflecting a commendable level of accountability and financial health. The organization's strong governance is evident, with a fully independent board and effective financial oversight, contributing to the overall high score. Notably, Lift Inc has a high program expense ratio, indicating that a significant portion of its resources is directed toward its mission-focused programs.
The organization excels in various areas, such as having no material diversion of assets, a conflict of interest policy in place, and well-maintained documentation practices. These factors enhance its credibility and transparency, reassuring donors and stakeholders of responsible management.
While the organization demonstrates several strengths, the overall three-star rating suggests that there may still be room for improvement in some areas to achieve a higher score. Overall, Lift Inc appears to be a reliable nonprofit, effectively managing its resources and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Lift Inc legitimate?
Lift Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lift Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $816,471
For more financial information, click here
What is the mission statement of Lift Inc?
Lift Inc's mission is centered around empowering individuals and families towards self-sufficiency. They achieve this by offering high-quality programs, services, and opportunities. Additionally, Lift Inc plays a role in shaping the future of communities by fostering dialogue and consensus building. Their activities extend to providing assistance to those in need, specifically in the areas of food, shelter, clothing, and utility assistance, for low-income families.
Who is the CEO of Lift Inc?
Dorothy Leasy is the Chairman of Lift Inc.
What is the revenue of Lift Inc?
Lift Inc's revenue in 2022 was $6,474,617.
Who are the executives of Lift Inc and what are their salaries?
The average compensation at Lift Inc during 2022 was $35,499. There are 23 employees and 2 volunteers at Lift Inc.
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- Compensation: $57,825
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Where can I find the form 990 for Lift Inc?
Lift Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lift Inc
Lift Inc, a nonprofit organization, is committed to empowering individuals and families towards self-sufficiency. They achieve this objective by offering high-quality programs, services, and opportunities. Lift Inc's mission is multifaceted; it involves not only providing resources to those in need but also engaging in dialogue and consensus building to shape the future of their local communities. By offering assistance in the form of food, shelter, clothing, and utility aid to low-income families, Lift Inc plays a significant role in uplifting its community. Their mission is geared towards fostering self-reliance and fostering a sense of community, making a tangible difference in the lives of those they serve.
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Impact
July, 2024
Lift Inc is making a significant impact in the community of Tupelo, MS by empowering individuals and families towards self-sufficiency. Through their quality programs and services, they are providing assistance to low-income families in need of food, shelter, clothing, and utility assistance. By helping shape the future of area communities through dialogue and consensus building, Lift Inc is playing a crucial role in community improvement efforts.
This information is meant to be a general summary of Lift Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $196
- Gross Receipts: $6,474,617
Assets and Liabilities:
- Total Assets: $1,004,231
- Total Liabilities: $1,159,131
- Net Assets: -$154,900
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Organization Details
Founding Year
1956
Phone
(662) 842-9511Principal Officer
Dorothy Leasy
Main Address
PO Box 2399, Tupelo, MS, 38803
NTEE Category
Code: S12 - Community improvement
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