Launch Ministries Inc

Analysis

Launch Ministries Inc is a registered charity in United States, based in Meridian, ID. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Launch Ministries Inc reported income of $357k and spending of $344k, spending 97% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $229k to $357k (+56%), an average of +9.3% a year. The sharpest change came in the year to July 2021, when income rose by 87%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Launch Ministries Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within ID. Charities of a similar size with the same main cause include Friends of Baseball LLC ($356k), Demolay Foundation Incorporated ($357k) and Camp Argo ($356k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $76k (22% of expenses). At year end it held assets of $260k against liabilities of $1,189, net assets of $259k. It reported 7 employees.