The Launchcode Foundation

Analysis

The Launchcode Foundation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Launchcode Foundation reported income of $14.5m and spending of $17.0m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.1m to $14.5m (-3.7%), an average of -1.0% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Launchcode Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include Escuela Bilingue Internacional ($14.5m), Lac Courte Oreilles Ojibwe School ($14.5m) and Presbyterian Day School ($14.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $479k (2.8% of expenses). Other salaries and wages came to $10.4m. At year end it held assets of $19.4m against liabilities of $4.9m, net assets of $14.6m. It reported 336 employees.