Launch Pad the Center

Analysis

Launch Pad the Center is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Launch Pad the Center reported income of $82k and spending of $67k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8,801 to $82k (+832%), an average of +75% a year. The sharpest change came in the year to December 2022, when income rose by 510%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Launch Pad the Center sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include Ohio Valley Recovery Inc the Unity Center ($82k), Pure Hearts of Georgia Inc ($82k) and Friends of Mohorosh Inc ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $108, net assets of $25k.