Launchpad Development Company

Analysis

Launchpad Development Company is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Launchpad Development Company reported income of $25.9m and spending of $18.6m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.2m to $25.9m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Launchpad Development Company sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Minnehaha Academy ($25.9m), The Branson School ($25.9m) and Bluefield Univerity ($25.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 89% of the total. At year end it held assets of $268.5m against liabilities of $279.0m, net assets of -$10.5m.