The Launch Pad Foundation Inc

Analysis

The Launch Pad Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, The Launch Pad Foundation Inc reported income of $132k and spending of $144k, spending 108% of what it took in. Across the 2 years on record, from December 2019 to December 2022, income fell from $167k to $132k (-21%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Launch Pad Foundation Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within GA. Charities of a similar size with the same main cause include Shore Courts Inc ($132k), Colville Meadows ($132k) and Barkhamsted Housing Trust ($132k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 84% and program service revenue 13% of the total. At year end it held assets of $94k against liabilities of $1,282, net assets of $93k.