Launch International

Analysis

Launch International is a registered charity in United States, based in Max Meadows, VA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 International reported income of $706k and spending of $695k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $706k (+77%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 142%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Launch International sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include First Haitian Free Church of Nazarene by Faith Inc ($706k), Shirdi Sai Dham Inc ($706k) and Bukharian Jewish Congregation of Briarwood ($706k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $14k (2.0% of expenses). At year end it held assets of $212k against liabilities of $0, net assets of $212k.