Mission Launch Inc

Analysis

Mission Launch Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in October 2020, 6 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 2022, Mission Launch Inc reported income of $218k and spending of $114k, leaving 48% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $176k to $218k (+23%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 149%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mission Launch Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include First Step Apartments Inc ($218k), Simpser Kavod Fund ($218k) and Susquehanna Recovery Initiative Inc ($218k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.