Launch Expeditionary Learning Charter School

Analysis

Launch Expeditionary Learning Charter School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Launch Expeditionary Learning Charter School reported income of $7.7m and spending of $8.0m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $6.3m to $7.7m (+22%), an average of +4.0% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Launch Expeditionary Learning Charter School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Community Leaders Advocating Student Success Inc ($7.7m), Meridian School ($7.7m) and Charleston Day School Inc ($7.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $547k (6.9% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $3.6m against liabilities of $635k, net assets of $3.0m. It reported 60 employees.