The Launch Pad Teen Center

Analysis

The Launch Pad Teen Center is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, The Launch Pad Teen Center reported income of $897k and spending of $928k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $189k to $897k (+374%), an average of +48% a year. The sharpest change came in the year to June 2020, when income rose by 182%. Over the whole period it spent 67% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Launch Pad Teen Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within AZ. Charities of a similar size with the same main cause include Swan City Soccer Club Inc ($897k), Construction Careers Foundation ($899k) and Lighthouse Foundation of Corinth ($896k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $108k (12% of expenses). Other salaries and wages came to $390k. At year end it held assets of $1.6m against liabilities of $12k, net assets of $1.6m. It reported 44 employees.