Launch Global

Analysis

Launch Global is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Launch Global reported income of $9.9m and spending of $10.1m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $8.0m to $9.9m (+24%), an average of +7.4% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Launch Global sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include G O Ministries Inc ($9.9m), Muslim Community Center Incorporate ($9.9m) and Nefesh Bnefesh Jewish Souls United ($9.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $439k (4.4% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $5.8m against liabilities of $257k, net assets of $5.6m. It reported 156 employees.