Launchlkn Inc

Analysis

Launchlkn Inc is a registered charity in United States, based in Davidson, NC. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2022, Launchlkn Inc reported income of $141k and spending of $139k, spending 98% of its income. Across the 2 years on record, from December 2020 to December 2022, income grew from $71k to $141k (+98%), an average of +98% a year. The sharpest change came in the year to December 2022, when income rose by 98%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Launchlkn Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Southern Arizona Construction Career Days Inc ($141k), Career Services for Persons with Disabilities Inc ($141k) and Go-Edc Foundation ($141k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.