Launch Leadership Inc

Analysis

Launch Leadership Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Launch Leadership Inc reported income of $402k and spending of $413k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $386k to $402k (+4.1%), an average of +1.4% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Launch Leadership Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NE. Charities of a similar size with the same main cause include Due West Robotics ($402k), Crawford County Education-Economic Development Partnership Inc ($402k) and Spicewood Christian Academy ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $108k (26% of expenses). Other salaries and wages came to $9,209. At year end it held assets of $15k against liabilities of $176k, net assets of -$161k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.