Launch Terre Haute

Analysis

Launch Terre Haute is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Launch Terre Haute reported income of $306k and spending of $252k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $177k to $306k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Launch Terre Haute sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IN. Charities of a similar size with the same main cause include Pyramid CDC ($306k), Junior League of Tulsa Inc ($306k) and South Coast Development Council ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Other salaries and wages came to $84k. At year end it held assets of $167k against liabilities of $2,848, net assets of $164k. It reported 4 employees.