SC Launch Inc

Analysis

SC Launch Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, SC Launch Inc reported income of $3.2m and spending of $2.1m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $3.2m (+38%), an average of +8.5% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, SC Launch Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Hopa Mountain Inc ($3.2m), Code Platoon ($3.2m) and Kenwood-Oakland Community Organization ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $13.9m against liabilities of $0, net assets of $13.9m.