LIFT INC

EIN: 522168409 501(c)(3) Employment

WASHINGTON, DC

Total Revenue
$14,169,950
Total Expenses
$10,159,935
Total Assets
$26,948,573
Net Assets
$24,734,496
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
DC
Principal Officer
MICHELLE RHONE-COLLINS
Phone
2022891151
Tax Period
2024-07-01 to 2025-06-30

LIFT INC, founded in 1999, is a mid-sized nonprofit in the Employment sector that reported $14.2M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $4.0M, a strong 28% operating margin.

Mission

LIFT'S MISSION IS TO BREAK THE CYCLE OF POVERTY BY INVESTING IN PARENTS. WE BUILD FAMILIES' WELL-BEING, FINANCIAL STRENGTH, AND SOCIAL CONNECTIONS TO LIFT TWO GENERATIONS AT ONCE.

Program Service Accomplishments

Program 1
Expenses: $7,999,711 Revenue: $299,040

FOUNDED IN 1998, LIFT, INC 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...

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FOUNDED IN 1998, LIFT, INC 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, IMPROVING CREDIT, ELIMINATING DEBT, OR SECURING A LIVING WAGE THAT PUT THEIR FAMILIES ON THE PATH TO (CONTINUED ON SCHEDULE O)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 DIRECT SERVICE COACHING MODEL OPERATING IN CHICAGO, LOS ANGELES, NEW YORK, AND WASHINGTON D.C. CHANGES LIVES. AND, NOW THROUGH NEW, SUCCESSFUL CAPACITY-BUILDING PARTNERSHIPS AND ADVOCACY EFFORTS, WE ARE POISED TO SHIFT HOW SOCIAL SERVICE AND OTHER SYSTEMS FUNCTION FOR THE MILLIONS OF FAMILIES LIVING IN POVERTY NATIONWIDE. OUR SYSTEMS CHANGE GOALS STEM FROM THE HUMANITY THAT UNDERPINS OUR DIRECT SERVICE MODEL AS THE FOUNDATION FROM WHERE WE GENERATE OUR LEARNING, INSIGHTS, BEST PRACTICE, AND RESPONSIVE INNOVATIONS 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 POLICIES THAT BUILD FINANCIAL AND SOCIAL CAPITAL FOR FAMILIES. LIFT'S STRATEGIC PLAN BUILDS ON OUR DIRECT SERVICE TO ACHIEVE POPULATION-LEVEL IMPACT THROUGH 1) STRATEGIC PARTNERSHIPS THAT EFFECTIVELY SHIFT PUBLIC SECTOR PRACTICE TO BETTER 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, EARLY CHILDHOOD PROVIDERS, AND LOCAL AND NATIONAL GOVERNMENTS TO ADOPT ITS APPROACH ACROSS THE COUNTRY. LEARN MORE AT WHYWELIFT.ORG

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,298,988
Program Service Revenue $299,040
Investment Income $571,922
Other Revenue $0
TOTAL REVENUE $14,169,950

Expense Breakdown

Grants Paid $404,280
Salaries & Benefits $7,341,738
Fundraising Expenses $557,918
Program Expenses $7,999,711
Other Expenses $2,321,097
TOTAL EXPENSES $10,159,935

Year-over-Year Comparison

2024 2023 Change
Revenue $14,169,950 $16,337,273 -0.1%
Expenses $10,159,935 $9,933,047 +0.0%
Net Income $4,010,015 $6,404,226 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
13
Employees
92
Volunteers
14

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$1,064,825
Total Directors
15
$333,712
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE RHONE-COLLINS CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$297,168 $36,544 $333,712
WILL DARMAN CO-CHAIR 1.00
Officer Director
$0 $0 $0
ARLENE FORD CO-CHAIR, SECRETARY 1.00
Officer Director
$0 $0 $0
AMY LENANDER DIRECTOR, TREASURER, A&F CHAIR 1.00
Officer Director
$0 $0 $0
EMILIO DIEZ BARROSO DIRECTOR 1.00
Director
$0 $0 $0
GINA COBURN DIRECTOR 1.00
Director
$0 $0 $0
ELLEN MCCANCE PINSCHMIDT DIRECTOR 1.00
Director
$0 $0 $0
CARRIE SOUTHWORTH JOHNSON DIRECTOR, INV. COMM. INTERIM CHAIR 1.00
Director
$0 $0 $0
AMIR HEMMAT DIRECTOR 1.00
Director
$0 $0 $0
JON BUDINGTON DIRECTOR 1.00
Director
$0 $0 $0
SABRINA CLARK DIRECTOR 1.00
Director
$0 $0 $0
SUSAN HIRSCH DIRECTOR 1.00
Director
$0 $0 $0
BRENT KESSEL DIRECTOR (UNTIL 3/2025) 1.00
Director
$0 $0 $0
DEANNA SINGH DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE LOMIBAO-PARRA DIRECTOR 1.00
Director
$0 $0 $0
GABRIEL SCHECK CHIEF ADVANCEMENT OFFICER 40.00
Officer
$219,005 $35,438 $254,443
REBECCA ROSS CHIEF OPER. AND FIN. OFFICER 40.00
Officer
$215,975 $38,402 $254,377
HELAH ROBINSON CHIEF PROG. AND STRATEGY OFFICER 40.00
Officer
$191,221 $31,072 $222,293
ALLISON OLSON EXEC. DIR. - LA (UNTIL 3/2025) 40.00
Highest
$191,192 $20,234 $211,426
NEILS RIBEIRO-YEMOFIO EXECUTIVE DIRECTOR - DC 40.00
Highest
$159,702 $20,997 $180,699
SARAH SPUNT EXECUTIVE DIRECTOR - CHI 40.00
Highest
$151,008 $25,404 $176,412
XIOMARA ROMAIN EXEC. DIR - NY (UNTIL 6/2024) 40.00
Highest
$159,080 $9,304 $168,384
ARACELI LOPEZ-ANDRADE DEPUTY DIR, LA & NATL REI ADVISOR 40.00
Highest
$134,544 $8,591 $143,135
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $14,169,950 $10,159,935 $26,948,573 $4,010,015
2024 $16,337,273 $9,933,047 $23,292,280 $6,404,226
2023 $12,074,878 $7,921,341 $16,683,143 $4,153,537
2022 $10,488,956 $6,927,807 $11,053,254 $3,561,149
2021 $8,510,867 $6,415,535 $7,495,582 $2,095,332
2020 $6,131,595 $6,916,158 $6,403,256 $-784,563
2019 $4,178,339 $6,402,686 $6,195,731 $-2,224,347
2018 $8,935,629 $5,503,033 $8,229,555 $3,432,596
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