Launch Community Through Skateboarding

Analysis

Launch Community Through Skateboarding is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Community Through Skateboarding reported income of $102k and spending of $115k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $114k to $102k (-11%), an average of -11% a year. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Launch Community Through Skateboarding sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within CO. Charities of a similar size with the same main cause include Texas Hockey League ($102k), CG Trojan Lacrosse Inc ($102k) and Columbia Lacrosse Club Inc ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 45% of the total. At year end it held assets of $20k against liabilities of $1,940, net assets of $19k.